Wills, Trusts & Estates Prof Blog

Editor: Gerry W. Beyer
Texas Tech Univ. School of Law

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Thursday, March 20, 2014

Article on Computer Digital Account Plans

ComputerDavid Shane and Sarah Butters  recently published an article entitled, Do You Have a CDA Plan?  Provided below is the introduction to the article:

More and more today, we have online accounts. We pay our bills, send and receive email, subscribe to publications, store photos and use the web to keep track of our bank and brokerage accounts.  Many of us have email and social media accounts and even a personal website.  How do we keep track of all those user names and passwords?  We would probably forget them if we did not keep a list.  Ah, but where to keep the list, secure but accessible when needed?
 
You probably have a will, a power of attorney and a living trust.  Those all involve a trusted person or two serving as an agent, executor and trustee (your "fiduciary").  When the need arises because of your absence, disability or death, how is that person going to help you or your family?  Is the person you have named as your fiduciary also the best person to manage your digital assets?

http://lawprofessors.typepad.com/trusts_estates_prof/2014/03/article-on-computer-digital-accounts.html

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