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This is great advice. My father-in-law recently passed and my mother-in-law literally knew nothing about their finances. She's been calling insurance companie
by phlipski 5y ago
This is great advice. My father-in-law recently passed and my mother-in-law literally knew nothing about their finances. She's been calling insurance companies and banks trying to make sense of it all. This is more an indictment of their lack of communication over the years, but the principle still stands.
My wife asked me to write out on a piece of paper all of our bank, investment and insurance account names, numbers and passwords just in case I died during my last business trip.
- jethro_tell 5y agoGet a password safe and put everything in it. Share the password or use a password manager with sharing. I still probably need a technical executor for some of my encrypted stuff as that's a little more complex.
- devonkim 5y agoI use 1Password for this purpose essentially and I’ve printed out backup codes and put it into an emergency box. One other problem is that the MFA every other site has now with SMS means that in a disaster recovery situation one will need access to the original phone number associated with an account when logging onto for the first time on a new machine. So this means a shared voice / SMS capable account is also necessary in conjunction with e-mail to avoid more complications. I realized with Apple’s system if I lost all my gear on a trip that nobody would be able to login to my Apple account because all my devices would have been lost. Like any backup plan, unless it’s regularly tested it should be presumed to not be working
- mkr-hn 5y agoCan't you port the number to something like Twilio or Google Voice in the event you need to get SMSes to it? Or get a new SIM card with the number and toss it in an old phone.
- Kihashi 5y agoLots of these don't allow the use of VOIP-like numbers.
- speg 5y agoApple just announced a couple new ways to handle this, coming this fall. https://www.macrumors.com/2021/06/08/ios-15-legacy-contacts/ https://www.macrumors.com/2021/06/08/ios-15-legacy-contacts/
- NordSteve 5y agoBogleheads has a great thread on what goes in your Death Book. https://www.bogleheads.org/forum/viewtopic.php?t=119346 https://www.bogleheads.org/forum/viewtopic.php?t=119346