Your Estate Plan Isn't Complete Without Fixing the Password Problem

When I was a young trust officer just getting started in this business 30-some years ago, estate administration was a much simpler process. Not only have estate planning techniques become more complex, but the way an executor gathers information about a decedent's assets has changed entirely.

Back when I started, a change-of-address card was sent to the post office and the decedent's mail began coming to my office. I would simply wait until I received the person's bank statements, brokerage statements and any other notifications, such as property tax statements or insurance premium notices.

However, times have changed, and now many customers receive financial statements electronically instead