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Post by batchoy on Mar 6, 2014 14:21:28 GMT
Having just finished acting as an executor on an estate where everything was done old school on bits of paper, this story caught my eye and got me wondering how some one would cope with my estate given that so little of anything exists on paper and everything that is on my computers and on-line is locked away behind passwords. www.bbc.co.uk/news/technology-26448158www.bbc.co.uk/news/technology-26466684 |
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Post by uncletone on Mar 6, 2014 21:18:44 GMT
Having just finished acting as an executor on an estate where everything was done old school on bits of paper, this story caught my eye and got me wondering how some one would cope with my estate given that so little of anything exists on paper and everything that is on my computers and on-line is locked away behind passwords. www.bbc.co.uk/news/technology-26448158www.bbc.co.uk/news/technology-26466684An unhappily relevent question. Although being (brace yourselves, those with imaginations based on my posting persona...) a whippersnapper of (almost) 68, I am also considering a multi-ream report of my investments, and all other online do-dads. For instance I pay my gas, electricity and council tax online. And a monthly entry into a local hospice raffle, and a monthly contribution to Cancer Research, and they all need to be told of my demise...... oh bugger, there goes tomorrow trying to list this lot for my children......(Children? When I was their age I had children of my own thinking about leaving school.....)
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pikestaff
Member of DD Central
Posts: 2,187 
Likes: 1,546
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Post by pikestaff on Mar 7, 2014 7:09:36 GMT
It is a worry. I maintain 3 files that are intended to help if I die or am incapacitated:
1. Excel file summarising my investments. Fully updated every 3 months. Partially updated whenever I open a new account.
2. Word document describing my investments in more detail, with instructions on how to manage/realise them (particularly important for some p2p sites such as TC) and how to deal with my tax. Also describes where to find my KeePass file, which has links to all websites plus passwords. Updated as above.
3. The KeePass file itself (always up to date).
All are on Dropbox and protected with a strong password, which will be available to an executor or administrator.
In principle the executor/administrator should not use my passwords, which should in any event be blocked by the providers when they are notified of my death/incapacity. However, the links to the websites plus (where applicable) additional guidance in my Word document should be enough to enable the executor/administrator to do things properly.
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