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Nov17
What Happens To Your Passwords When You Die?

You may not want to think about this, but I suggest you do.

The scenarios below could be all too real if something was to happen to you. Have you made provisions for passing on this information, so your business and your family will be looked after if you die?

What would happen to your business or your family if -

  • your business had no email access for an extended period of time?
  • you lost your list of business contacts? 
  • no one knew your business passwords?
  • companies were trying to withdraw agreed amounts from your PayPal account but there were no funds?

Business Online 
Eric Giguere sparked a discussion about what would happen to your blogs and online income. He says you need to record all details and keep them in a secure place. Also include some clearly explained written instructions.

Email Contacts & Passwords
Even if you don't have a blog or don't operate your small business online, you will still have email accounts and email contacts who will need to be notified. You may also conduct some of your banking online.

David Peralty at Blogging Pro says he decided to

burn a CD with all of my information on it, placing it in a fireproof cabinet, and then I told the important people where to find it. I will go ahead and try to burn one each time I do my data backups, every month.

Darren Rowse of Problogger has prepared some documentation for his wife. He included contact details of blog hosts, sites, employees, business partners and paypal accounts etc.

Practicalities & Other Considerations
Any records will need to be updated regularly. Passing on outdated information will not be helpful.

Plan Ahead
Sorting out someone's affairs is stressful. Make it easier for your loved ones by planning ahead. It will also mean your small busines
s will be in better shape and will be able to continue trading.

Do you have any suggestions? small_biz_mentor_tip.png

 

 


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22 Comments/Trackbacks




excellent entry, Yvonne. Macabre, but excellent. I would hate knowing that my business dies with me.

While we don't want to think about it, we rely so much on the internet that we need to pass on this information.

Thanks for taking the time to visit and comment.

Thanks for reminder(post). Your article really make me thinking what my business will happen after I die.

Thanks Harrison - not a pleasant topic, but an important one all the same.

dude, ur sick. can't your email just live on without ur wife?

Wow! That was a wake up call from out of left field Yvonne. But relevant and timely none the less. Thanks for the reminder. I'll give this one a Stumble so others can be reminded too.

Anonymous - Thanks for stopping by to comment.

Many of us have information online which our family & business associates need access to if something happens to us. It's a difficult topic, but one that we need to plan for.

It's no different to letting your loved ones know where you keep important documents, except it's online.

Karen - Great to see you here. Thanks for stumbling the post and for spreading the word.

I think this will become an increasingly important and widespread issue, so I'm pleased it served as a useful "out of left field" reminder.

Thanks again.

It's an interesting problem, and one that didn't exist a generation ago. Also, most lawyers don't address it in estate planning sessions.

Good post!

Great post, for there are many folks that do not think about things like this, they go about their daily life without making any kind of preparation for the what if?
I personally keep all this kind of information in a safe place and I have share it with the appropiate parties. Kudus to you for putting this blog out.

Laura

Interesting point about the need to include it in your estate planning and wills.

As you say, it wasn't something we needed to consider years ago. I guess it will become an increasingly important issue.

Paradise5000

Thanks for stopping by and for your positive feedback.

It sounds like you are one of the few of us who have thought this through already, and are well prepared... great to hear.

This certainly gets one thinking, Yvonne! It may not be something we enjoy thinking about, but it certainly is important!

Thanks for the excellent advice!
Jeanne

Jeanne - Thanks for your comments. The whole topic is quite confronting, but thought provoking too.

I hope the post helps at least some people think this through a bit more.

Great post idea. I've often wondered. Now I know I actually have to do something about it. Thanks for the info.

You're welcome Travel Betty. By the way, you have a great site. I enjoyed visiting.

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Hey, I'd never thought of it. I shall immediately get down to doing this so that my family doesn't suffer in case I'm gone!!

I hadn't thought of it either until recently. Great idea to act on it straight away.

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There has to be a way to figure out the passwords even if they are unknown to family and co-workers. Computer tech's at companies know how to get into the computer system to erase passwords for employees or interns who discontinue their position at the company.

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