|Planner + Password Journal + Fire Safe = The Basics|
The Right Stuff
Here are links to the items that I am using in my own estate planning. There are lots of useful products online, and you can customize your own notebooks and gather all of the information yourself, but these no-hassle products are reasonably complete and available online.
- The Prepared Binder Home Edition $44.99 Not AmazonPrime eligible; allow 5-10 days for delivery
- Studio Oh! Internet Password Logbook, Woodland Creatures $10.74 AmazonPrime_2-day free delivery. I like this logbook for several reasons.
Nice size: 4.5" x 8" (easier for writing)
For a smaller size, there is not much to choose from if you want alphabetical tabs. From experience, I can tell you that it really helps to have the alphabetical tabs. However, if you want a journal that will fit easily into your purse or briefcase & share the desktop without taking up a lot of room, I use this little spiral-bound book from BookFactory®.
- BookFactory® Password Journal $6.99 AmazonPrime_3.5" x 5.25" No tabs. It also comes in 2 larger sizes (5" x 7" & 8.5" x 11")
- SentrySafe 1200PK Pink BCA Fire Chest $28.12 AmazonPrime_2-day free shipping.
A Word About Password Journals
Be sure to order 2 password journals! You'll need one for everyday personal use and one to keep as a backup. Keep the backup in a fire safe at home, and be sure to keep both journals up-to-date.
My dad kept a list of his passwords in his safe deposit box at the bank. Without access to that list, I would not have been able to access any of his online accounts, particularly his financial records. A successor trustee needs immediate access to funds in order to pay the immediate household and funeral expenses, so password access is VERY IMPORTANT.
Based on experience, there are 2 problems with keeping passwords in a bank safe deposit box.
- It is a lot harder to keep the passwords up-to-date
- Immediate access (i.e. bank holidays, banking hours, frozen account)
So, keep your password journals safely stored at home in a location known only by you and your successor trustee.