Password Managers

Keeping track of online, password-protected login information has become burdensome and unsecure.  Rather than keeping digital access instructions written and stored in a desk drawer or in a file on a computer’s desktop, there now exists a utility called a password manager.  A password manager can “securely store and recognize passwords, login credentials, credit card information, bank account information, IDs…and any other information you might need” (Illinois Bar Journal, Vol. 106 No. 3, pp. 48).  It keeps all credentials and personal information in one place, automatically fills web forms, generates strong passwords, recommends when weak passwords should be changed, notifies you of any security breaches of your online accounts, and can add an extra layer of security on top of username and password (i.e. two-step authentication).

      A password manager is not affected by getting a new computer, clearing cookies, or using another browser and is a valuable tool for passing along digital access information to fiduciaries as will be needed for estate administration after incapacity or death.  In sum, getting a password manager can be a valuable tool to both your estate plan, as well as the management of your personal and business affairs. The Illinois Bar Journal offers a password manager comparison at: