Plan ahead for online hereafter

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webmaster | 10/03/13

Now, you really can live forever, but that’s not necessarily a good thing.

Many of your online accounts — from automatic bill payments to eBay — may remain active after you pass away, unless you take steps to ensure they don’t, says attorney Hillel Presser, author of “Financial Self-Defense” (Revised Edition), www.assetprotectionattorneys.com.

Automatic bill pay, for example, can theoretically keep tapping your bank account long after you’re gone or, at least, until your money is.

“It’s important to make sure your online bank and shopping accounts, even your social media, can be closed out, or that your loved ones are authorized to access them,” Presser says. “You may ask, ‘Why would I care if I’m gone?’ I can tell you from experience: because it can create real headaches, and more heartache, for your family.” ...

 

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