Paperless world can leave heirs in the dark
From the Wall Street Journal:
As people increasingly go “paperless” — using theonline features of banks and brokerages to manage their accounts –it’s complicating the process of helping your heirs sort out yourfinances once you’re gone. The problem: If you don’t keep careful records, yourfamily might not even know where to start looking for accounts. In aworst-case scenario, some assets may never be found. But at the same time, you don’t want to recklesslylist all your private financial-account passwords somewhere for a badguy to find. That would be an invitation to theft. There are several smart steps to take to build aroadmap to your assets. The five key components: information about yourassets, names of advisers, details about safe-deposit boxes, yourestate-planning documents, and a few other important documents.
Read more here: http://online.wsj.com/article/SB117953111226908170.html?mod=rss_markets_main