I think we can all agree that, for the most part, our advanced technological world is a good thing. Today we rely more on computers and cell phones than ever before. Most everything we do can be done online with the click of a button. For instance, we can easily access our financial accounts, pay bills, and buy and sell stock all from the comfort of our own home.
For security purposes, online financial access requires the use of passwords. For some married households, only one spouse has been in charge of handling the financial decisions and accessing online accounts, etc. What if that spouse passes away first? Or that spouse becomes incapacitated? And the obstacle is present for the loved ones of single individuals who have handled their financial decisions by themselves. Unless passwords were disclosed prior to incapacitation or death, the loved ones stepping in to assist will be at a technological deficit because they will not be able to quickly access the financial information.
Please have an annual discussion with your loved ones about financial account passwords, location of safety deposit keys and important papers. Contact one of our attorneys to review your estate plan and learn more about the contingency day checklist.
Why Choose Morris Hall:
You have a number of options when it comes to estate planning, so why pick Morris Hall? First off, estate planning and asset protection are a very complicated endeavor and you should only trust someone who focuses exclusively on those matters. Also, MH is a proud member of The American Academy of Estate Planning Attorneys (AAEPA) which provides us additional support, advanced training, tools and information that is not available to others – which means that we can better protect your assets and your loved ones. We are one of only two firms in Arizona that belong to the AAEPA and are the only firm in New Mexico that has been granted membership. If you have assets and loved ones that you want to protect, you are in good hands with MH. Contact us today at 888.222.1328 to schedule an appointment!
This blog should be used for informational purposes only. It does not create an attorney-client relationship with any reader and should not be construed as legal advice. If you need legal advice, please contact an attorney in your community who can assess the specifics of your situation.