There are a number of online applications such as LastPass, Dashlane, and 1Password that help with password management, but also provide a person with one application that guards all the passwords for their digital assets. In this way, a person can more easily manage the ability to access a digital asset and then pass on the ability to access that asset.

For instance, if someone employed one of these password management applications, the person could then identify the person they want to handle their digital assets and leave instructions on how to access the main password used for the password management application chosen, in a safe manner. It is not considered safe to simply share your password with people, even a trusted agent.

Latest posts by Morneau Law (see all)