As our financial and social lives go digital, it's becoming more important to think about how loved ones can access accounts in the event that the original user can't.
(KAIT/NBC) - According to experts, the first step is taking inventory. Then set a time to review regularly.
Experts recommend tax time as a good time to arrange an annual inventory check. People often have more accounts than they realize.
Once you have all of your accounts in one place, make a road map. A road map would be a list of all accounts, usernames, and passwords. However, they do suggest withholding sensitive information from a person's will.
"If you're writing in the will, indicate that a road map exists and where to find it. But don't put passwords [or] usernames in a will. That's a public document," said Rachel Sheedy, Kiplinger.
Some internet companies, including Google and Facebook, already have built-in features to control data after death.
Cryptocurrency such as Bitcoin can be lost for good if a person doesn't leave instructions on how to access the private key.
Experts suggested using a hardware wallet to secure Bitcoin and to keep that with your road map document in a safe deposit box.
Companies like Everplans and TrustedHeir specialize in digital estate planning. A password manager can also make things easier, by storing logins and passwords all in one place.
Many states have passed a uniform law that greatly increases individuals' ability to control what happens to their digital assets after they die.
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