In this digital age, we have so many password for various online access points. We don't usually give a thought as to what might happen someday in the future.
Today I read of the Crypto Exchange company owner's death. There was a major problem for the company. No one in the company knew the password! So now they have problem paying the investors!
Do you have a plan set for your digital passwords? It's something you might like to think about, as we never know the future. Best to think what steps we could take now, so that if people are affected by our sickness or inevitable death someday, there wouldn't be any problems in accessing. What's your digital legacy upon your death? It's something to think about. I had noticed Facebook has an option you might like to check out what to do with your account upon your death.
Actually even before the digital age, people used to go to various lengths to conceal valuables. This week I was having a conversation with a lady. She was telling me of a sad situation that happened to her own great grandmother. Her great grandfather was a jeweler and dies unexpectedly of tuberculosis. After a while, the great grandmother finds in one of his suit jackets a special note addressed to her. She reads the note and he says that he loves her a lot and upon his death, she will be very well taken care of. He tells her that the handles of his jewelry tools were made of gold. He explains that he had concealed them with another metal to disguise. She immediately panics, as she had given away the tools to another relative after his death! She runs over to the house of the relatives, who all of a sudden were showing signs of wealth. They had bought a new house and a car. She asks them if she could have her husband's tools back. And they DENY they have them! And they add, he was a very good man. She is speechless and goes home.
This is a great lesson for all of us, for tangible or intangible keys or passwords.
This is the article I referred to above. It's on CNET
Crypto exchange founder dies, taking the password (and $190M) with him A cryptocurrency exchange can't access the millions of dollars it owes investors.