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01-13-2021, 05:21 PM
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#21
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Moderator
Join Date: Feb 2010
Location: Flyover country
Posts: 17,157
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Quote:
Originally Posted by Scrapr
The one thing I missed on my wife's passing was her Apple log in. So I am going to have to destroy her 2 i phones. Apple isn't super friendly on getting access. I'll probably try one more time then give up
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That can indeed be a hassle.
They definitely make you jump through some considerable hoops:
How to request access to a deceased family member's Apple accounts
__________________
I thought growing old would take longer.
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01-13-2021, 05:35 PM
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#22
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Recycles dryer sheets
Join Date: Sep 2009
Posts: 70
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Quote:
Originally Posted by MichaelB
I would just add that in addition to accounts, usernames and passwords, the executor will probably need the cell phone of the deceased, with access, to deal with 2 factor authentication.
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Yes! Because I found my mother's iPhone pin, her Apple ID and password, I was able to get all her treasured photos off her phone and iPad, and also was able to contact friends of hers who did not know she had passed. We then passed the phone on to her grandson who needed it.
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01-13-2021, 09:23 PM
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#23
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Recycles dryer sheets
Join Date: Sep 2018
Posts: 215
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Yes, heirs need accounts, username, passwords.
My 32 year old single son died suddenly in 2020 - and lived alone. His dad and I spent weeks gathering this information from his computer. In a digital age, my son did not keep paper records. The estate attorney advised we gather accounts, assets, debts ASAP. Probate requires it and unforeseen creditors can delay the process. It was time consuming and agonizing to pour through his emails, etc to "find" everything. FYI - he had a credit with an airline who agreed to reimburse the estate.
Once we had a death certificate, we could sell his properties, and place funds in his estate account. We are still waiting for the probate to settle.
The year 2020 S*CKED !!
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01-13-2021, 09:41 PM
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#24
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Thinks s/he gets paid by the post
Join Date: Jun 2013
Posts: 1,035
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Quote:
Originally Posted by Souschef
I have a sheet in our Estate Planning binder with a listing of every account, including the company name, phone number, and account number.
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A+
Simplicity is beauty.
__________________
"No beast so fierce but knows some touch of pity, but I know none, therefore am no beast"
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01-14-2021, 05:12 AM
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#25
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Thinks s/he gets paid by the post
Join Date: Jun 2006
Location: Boise
Posts: 4,928
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Quote:
Originally Posted by Octogirl
Yes, heirs need accounts, username, passwords.
My 32 year old single son died suddenly in 2020 - and lived alone. His dad and I spent weeks gathering this information from his computer. In a digital age, my son did not keep paper records. The estate attorney advised we gather accounts, assets, debts ASAP. Probate requires it and unforeseen creditors can delay the process. It was time consuming and agonizing to pour through his emails, etc to "find" everything. FYI - he had a credit with an airline who agreed to reimburse the estate.
Once we had a death certificate, we could sell his properties, and place funds in his estate account. We are still waiting for the probate to settle.
The year 2020 S*CKED !!
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Octogirl, I am so sorry for your loss.
__________________
"At times the world can seem an unfriendly and sinister place, but believe us when we say there is much more good in it than bad. All you have to do is look hard enough, and what might seem to be a series of unfortunate events, may in fact be the first steps of a journey." Violet Baudelaire.
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01-14-2021, 05:33 AM
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#26
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Thinks s/he gets paid by the post
Join Date: Dec 2015
Location: Michigan
Posts: 3,400
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There is another recent thread about trusts. We should revisit both issues to bring things up to date.
__________________
"The mountains are calling, and I must go." John Muir
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01-14-2021, 07:56 AM
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#27
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Recycles dryer sheets
Join Date: Oct 2013
Posts: 393
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Quote:
Originally Posted by braumeister
And believe me, you want to ask for more of them than you think you'll need. Small cost, but well worth it.
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I'm not sure that this is necessarily true these days. In dealing with my father's estate, which is just starting the probate process, I've only given away one hard copy so far. When I applied for his VA life insurance (my sister and I were contingent beneficiaries) everything was done by electronic upload. The same was true when I had to remove Mom from their accounts two years ago. The bank took a copy, scanned/faxed it to their legal department, and gave it back to me. FWIW - I requested 6 copies and expect that to be more than enough.
Regarding the discussion about directly accessing the deceased's accounts, what was posted earlier about them being locked is true. You will not be able to continue to pay bills etc., because as soon as the bank learns that the account owner has died, they will lock the account. This applies to singles. Spousal situations can be different.
__________________
60/30/10 on 2021-01-04. Speculating with 4.5% of the 60%.
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01-14-2021, 08:02 AM
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#28
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Thinks s/he gets paid by the post
Join Date: Sep 2006
Posts: 1,325
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Quote:
Originally Posted by NoiseBoy
Regarding the discussion about directly accessing the deceased's accounts, what was posted earlier about them being locked is true. You will not be able to continue to pay bills etc., because as soon as the bank learns that the account owner has died, they will lock the account. This applies to singles. Spousal situations can be different.
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I don't think it matters if the deceased was single or married, the only thing that matters is whether the account was individual or joint.
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01-14-2021, 08:02 AM
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#29
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Moderator
Join Date: Feb 2010
Location: Flyover country
Posts: 17,157
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Quote:
Originally Posted by NoiseBoy
I'm not sure that this is necessarily true these days. In dealing with my father's estate, which is just starting the probate process, I've only given away one hard copy so far. When I applied for his VA life insurance (my sister and I were contingent beneficiaries) everything was done by electronic upload.
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Good to know. My experience was different, but it makes sense that fewer pieces of paper would be needed today.
__________________
I thought growing old would take longer.
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01-14-2021, 08:39 AM
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#30
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Full time employment: Posting here.
Join Date: Jun 2012
Posts: 610
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Do any of you with the "death binder" method worry about its physical security?
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01-14-2021, 09:44 AM
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#31
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Recycles dryer sheets
Join Date: Oct 2013
Posts: 393
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Quote:
Originally Posted by braumeister
Good to know. My experience was different, but it makes sense that fewer pieces of paper would be needed today.
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I should add that your point about the cost is still true. I was advised by the funeral director to request as many copies of the death certificate as I thought I might need as it was cheaper to do it all at once.
__________________
60/30/10 on 2021-01-04. Speculating with 4.5% of the 60%.
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01-15-2021, 12:12 AM
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#32
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Thinks s/he gets paid by the post
Join Date: Jun 2013
Posts: 1,035
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Quote:
Originally Posted by someguy
Do any of you with the "death binder" method worry about its physical security?
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No.
You can make copies, you can back up the original on flash drives, you can keep copies in a bank safety deposit box, you can give copies to your beneficiaries, etc.
You don't have to have everything 'on the cloud'
__________________
"No beast so fierce but knows some touch of pity, but I know none, therefore am no beast"
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01-15-2021, 11:35 AM
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#33
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jul 2014
Location: Spending the Kids Inheritance and living in Chicago
Posts: 10,773
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Quote:
Originally Posted by someguy
Do any of you with the "death binder" method worry about its physical security?
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I would worry more about an online system, as it's vulnerable worldwide to a scammer. Who's SSN or at least the last 4 digits are not already out in the world on the dark net
__________________
Fortune favors the prepared mind. ... Louis Pasteur
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01-15-2021, 11:39 AM
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#34
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jul 2014
Location: Spending the Kids Inheritance and living in Chicago
Posts: 10,773
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Quote:
Originally Posted by JustCurious
I've often heard people say that they have given their username and passwords to their accounts to their loved ones in case the pass away, but I wonder how useful that is?
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I suppose your heirs could use the account credentials to log in and see the account information without taking any action before they notify the account holders....
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I'd say it's very valuable.
So that some assets don't get "lost" or forgotten to be told to the heir.
Many insurance companies failed to pay death benefits and were sued by States. Banks have been known to do bad things to customers (Wells Fargo).
Finally there is just the crooked employee at the bank/brokerage who realizes that dead people don't complain.
Certainly it's valuable and worth it to get screenshots, and download statements to prove the value/asset in case it disappears.
__________________
Fortune favors the prepared mind. ... Louis Pasteur
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01-19-2021, 04:58 PM
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#35
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Recycles dryer sheets
Join Date: May 2014
Posts: 71
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I have all my data online in Gdrive, and passwords in LastPass. My computer is not locked, and I have an extensive list of info in a file called "Important Stuff" which is located in a folder called "In Case We Drop Dead", and there's an icon for that on both my computer and wife's computer desktop.
I didn't put the LastPass master password in the document. Instead, it's in the safe, and the name of another person who knows the safe combo is in the document.
Heck, if I can't take it with me, I don't wanna make it too easy!
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01-19-2021, 05:07 PM
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#36
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Recycles dryer sheets
Join Date: Jun 2008
Posts: 141
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I have an encrypted document on my computer, which I print out and put into a three-ring binder and everybody knows where it is. then if I make any changes, like account numbers usernames passwords or open a new investment account I add it to that encrypted document and then print whatever portion of it has changed punch holes in it and replace that page in the binder. It feels good to have this.
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01-19-2021, 05:13 PM
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#37
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Full time employment: Posting here.
Join Date: Oct 2015
Posts: 524
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Quote:
Originally Posted by RenoJay
On my death bed, I’ll be whispering to my heirs, “Please clear the browser and remember me as the person you thought I was.”
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Damn! Just when you thought you had taken care of everything! I will add this to my list!
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01-20-2021, 04:03 AM
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#38
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Recycles dryer sheets
Join Date: Mar 2019
Location: Pearland
Posts: 99
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 +1
__________________
Retired 2015. Jesus follower. Author, Husband, Dad, Futurist, Dreamer.
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01-24-2021, 05:53 PM
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#39
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Dryer sheet aficionado
Join Date: Aug 2019
Location: North Augusta
Posts: 29
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I am sorry for your loss.
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Today, 12:07 AM
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#40
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Full time employment: Posting here.
Join Date: Oct 2007
Location: Willamette Valley, Oregon
Posts: 857
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One of the best things you could do for your heirs, is have a binder with will or trust, durable POA's, Advance directives, Hippa forms, AND copies of statements of all your IRA, bank, brokerage accounts. In my RLT binder, once a year I put the latest statements from Vanguard brokerage, Schwab IRAs, and bank checking account statements. Saves a lot of changing phone numbers, addresses, and so on. And gives a quick accurate snapshot of fairly recent balances involved. Your heirs will love you for it.
__________________
Dreams Worth Dreaming are Dreams Worth Planning For. I Spent a Career Planning for Early Retirement.
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