Pa$$w0rDs 4 Fiduciari3s

Choosing a strong password can be hard. Microsoft recommends using a different password for each individual account a user has. Keeping track of all of the different passwords can be a pain, but here are a couple of options that might help.

Writing a list is easy and inexpensive, but if the list falls into the wrong hands problems may arise. There are several software tools that can be installed on either your phone or computer that help people keep track of their passwords and other important estate planning documents. The following is a short list of these software examples: LastPass, 1Password, and KeePass. Some of these programs have an app for designated fiduciaries to gain access of all of the passwords after the users death. These programs can also store legal documents such as wills, trusts, and health care directives. Those not using any of these software programs might want to consider to leaving detailed instructions to help an executor or guardian manage or distribute your assets. 

See Jim Lamm, Tips From Security Experts on Choosing and Storing Passwords, Digital Passing, Jul. 11, 2013.

Special thanks to Brian Cohan (Attorney at Law, Law Offices of Brian J. Cohan, P.C.) for bringing this article to my attention.