Does your next of kin know your passwords?
If something happened to you, say you were hospitalised, could they access your social media or email accounts for you in order to contact people? Could they withdraw cash for you?
If you lost your wallet, do you even know all of your online and telephone passwords to get online check if anyone has drained your accounts?
It is important to be protective of your passwords but there are a lot of instances where you might want someone other than you to be able to access them. For instance, if you:
- Have died
- Are in hospital
- Have a short or long term loss of capacity
- Are overseas
- Are sick (say with the flu) and need someone to help you
Someone who you trust
If you have someone that you trust in your life, you should really have a list of these passwords and tell that person where you keep them.
If you are keeping a physical list, like on a piece of paper, make sure that it is somewhere safe (so the home robbery doesn't' also result in a loss of this information) and make sure it is up to date.
Digital or online lists are easier to keep up to date, for instance in your email account, but they might also be easier to hack.
Estate planning is important
Estate planning is important, but most people put it off, sometimes until it is too late. It is easy to fix something later, for instance changing who will look after your children or who will be your executor. What is harder for your family is if you haven't turned your mind to this at all.
If you haven't started your Estate planning you should make an appointment to see one of the solicitors at Coode & Corry today. The initial appointment is free, they can let you know what you need to do and how much it will cost, and get you heading in the right direction.
Are you reading this thinking but passwords are important, shouldn't I protect them? Yes, you should protect them from people who are not your next of kin. We have an article about that too titled unwanted contact.
Come to us to get your Will and your estate planning sorted out.
We are walking distance from Penrith Train Station, and we have ample parking.
We serve real coffee.
We speak plain English.