Password Protected Nightmare Could Have Been Avoided with Proper Estate Planning
In his recent article on inc.com titled “A CEO Died. He Never Shared His Passwords. Now His Customers Are Out $190 Million That Can’t Be Accessed,” Bill Murphy Jr. describes one of the most important risks facing investors in the digital age. We often value password security to such a level that we forget about the risks that can apply. In this case, enormous problems occurred when a password to electronic assets was not properly handled. This article highlights the need for proper estate planning to ensure that the scenarios are covered.
If you have any questions related to this topic and how it may affect you, our Estate Planning department may be able to help. To reach one of our Estate Planning attorneys please call our office at 617-951-3100.