Some of the most overlooked assets in estate planning include your client’s online accounts. A recent Pew study reported that 51 percent of American adults bank online and 32 percent do so on a mobile phone. (http://tinyurl.com/mava6g3)
Our key suggestion: Clients should create an inventory of usernames and passwords for their online accounts. For many, this information is often memorized, not written down. However, in the event of death, business associates or loved ones will need access to manage at least some of these accounts.