Books

Step 3

Organize: The Magic Words

As kids, remember the magic word was always “please”. These days the magic words are your user name and password. Having a secure password inventory has become a critical part of accessing family financial records, so you need to have a list of all your login information compiled for when you are no longer around.  

Password Inventory Tips:

• List the website address, username and password for each entry.
• If there is a notes section in your password inventory, you may want to cross-reference the name of the account(s) you are able to access for each entry.
• Include answers to security questions for each site, if applicable. 
• Be sure appropriate family members know where to find this inventory when needed.

Note: Always make sure your usernames and passwords are stored in a secured area on your computer or an online password manager.

For more on this chapter and other steps to take before a major life event happens, check out my book the “Before” Financial Checklist: 15 Important Actions to Complete Before the Loss of a Loved One, available on Amazon.

Step 11

The First Month: Miscellaneous “To Dos”

1. Go to the DMV (Department of Motor Vehicles) to cancel driver’s license and transfer vehicle title.
2. Notify the Registrar of Voters.
3. Cancel any medication prescriptions, print subscriptions, and memberships.
4. Delete online personal accounts: email, social media, business sites, etc., to avoid fraud or identity theft. Procedures for each will vary.
5. Send out acknowledgements for cards, donations, etc., if you’ve decided that is something you want to do. This can also be delayed until a time that you are ready and able to tackle this project.
6. Contact the Post Office with forwarding information, if necessary.
7. Cancel all services no longer needed, i.e. phone, internet, cable, etc.