It depends on the scenario. Which is why planning eventualities is so important. If I suddenly die, then my wife has knowledge and signatures on file necessary to keep going. Also a three ring binder book to look up since that is not the time to be making decisions. If both my wife and I die together, and our minor kids are the ones remaining than immediate password access is a good deal less important compared to the keeps being fed and housed and things being worked out. Of course the will will come into impact, guardianship, life insurance, social security survivors benefits, when they will live, where they will go to school. Winding down this business I have and other matters would be secondary.
I am not saying we do this right. I certain have to "sharpen the pencil right" but the point is this should not be an afterthought.
I am not saying we do this right. I certain have to "sharpen the pencil right" but the point is this should not be an afterthought.