Home Inventory Software - Do Not Leave a Digital Trauma to Your Heirs
Daniel Roth and his family have recently gone not through one, but two, very traumatic experiences.
His father suddenly died from heart failure at the age of 62, leaving him, his brother, his sister and mother, shocked and overwhelmed with grief.
As the owner of an important supermarket chain, Mr. Roth was a practical and intelligent man who had learned early on to simplify his life through online banking, electronic bill payment, and financial software.
He handled a lot of documentation, numerous bank accounts, investment portfolios, and other important information and assets online, which, after his death, were inherited by his wife, sons, and daughter.
However, and as if his passing wasn’t enough distress, he left without divulging the passwords to his computer and online accounts to anyone.
Now, we all know that companies don’t just give you access to someone’s account; it is a process that takes weeks or even months, and this is, if they don’t decide to close the account after learning that the person passed away, in which case, no one has access to A.N.Y.T.H.I.N.G.
The Roth family got lucky however… while sorting out his desk, Daniel stumbled upon a folder that had the passwords for some of his dad’s business accounts and one of his online banks.
That was enough to gain entry to most of his accounts, and after a while, his lawyers were able to help them get access to the rest.
This experience was so traumatic that the whole family proceeded to review all of their estate plans to include lists of all of their online IDs and passwords, and started using a home inventory software to maintain the information updated and handy in case of emergency.
Daniel Roth and his family learned the hard way that ID protection is not only about no one knowing your passwords, but also about protecting what’s behind the password and ensuring that if you can’t access it, someone trustworthy can.
If you don’t leave your passwords handy, besides financial files and assets, your family may lose access to other important things like photo and music collections, calendars and address books, E-mail accounts, and security and wireless networking software.
In order for you to understand how critical this issue is imagine who would manage your finances if you were in a coma, and then ask yourself:
- Is this person able to find and access my bank and brokerage accounts?
- Would he know what bills must be paid and when?
- Are any of my accounts paperless and so, likely to be overlooked?
The repercussions any delays in accessing your accounts and paying your bills could cause are very serious; you really want to have someone to watch your back.
In today’s digital world it is so important to pass on your passwords that many attorneys now require their clients to fill out a form that includes their account numbers, online IDs, passwords, and common security questions like their mother’s maiden name, the street where they grew up, and the name of their first pet.
This information is placed in a sealed envelope and put away with the rest of the client’s papers; and although a lawyer’s office is a good place to keep this type of data, it shouldn’t be the only one.
Many people also trust top-of-the-line home inventory software to save all of their information and have it handy. They list all of their passwords, user names, and key website information, and they can share this data with a trusted family member any time.
You should also have a copy of the data at home and maybe another copy at a safe-deposit box in a bank.
You should consider including in this list the passwords and other relevant information for:
- Your computers and laptops
- Bank accounts
- Online bill payment systems
- ATM cards
- Credit cards
- Brokerage accounts
- Retail or seller accounts
- Voicemail accounts
- Email accounts
- Home security systems
- Computer security systems
- Entry gate at gated communities or storage facilities
- Keyless entry locks
- Cell phone locks
- Safe combinations and the location of keys
- Home inventory software
If you are tempted to let your heirs figure everything out by themselves after you’re gone, just remember the Roth family and how much trauma and considerable financial and emotional distress they went through, and it will be even worse if your loved ones have to pay for your funeral and wait for months to be reimbursed, or if they have to take care of your family besides their own.
AssetWatch consists of home inventory software designed to empower you to better organize your everyday life and to help you and your loved ones minimize the loss and stress during tough times.
We are certain that you will be able to see how well we understand what you need in terms of passwords, financial, and asset security, and this is because our founder and chief executive officer, Mike Batesole, has experienced this need firsthand.
Contact us with your questions and comments and you will receive an answer promptly, or read our FAQs page to confirm that we have a direct and accurate answer for your most pressing questions about password, financial and home inventory safety.
Our home inventory software exists to empower you… and to give you and your loved ones peace of mind, so take advantage of this opportunity!