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Celebrating a Life: Blog

    Digital Assets: 3 Popular, Free Solutions to Password Management

    Posted by Mark Busch January 26, 2017

    BFH_Password-Protection.jpgWhen it comes to preplanning, there’s a lot to think about. From final resting place to financing, it’s important to ensure your loved ones understand your final wishes and have everything they need to complete them.

    In addition to traditional end-of-life preplanning, most of us now have a digital life to consider. From email and online banking to social media accounts, our digital lives continue to expand along with the number of passwords we need to remember. These passwords will eventually need to be given to a digital asset executor so he or she can manage or close these accounts when you pass.

    The solution? A password manager or wallet to secure your passwords across accounts under one master password. Here are a few of our favorites.

    LastPass

    Price: Free or $12/year.

    What setup entails: App and browser plugin installation. 

    Why we recommend it: The free software requires a second login step for extra security. In addition, users can enable emergency access to their accounts. This allows you automatically to grant your loved ones access to your account in case of emergency, or to carry out final wishes. And to make your life a little easier, LastPass also automatically detects password changes and makes appropriate updates for you, rather than having to change them in the app itself. 

    Note on premium: If you opt for the premium solution at $12 per year, you can also sync your account across all of your devices.

    Learn More About LastPass Options

    LogMeOnce

    Price: Free, $1 or $3/month.

    What setup entails: App and browser plugin installation. 

    Why we recommend it: Not only does LogMeOnce store all of your account passwords, but the software also offers password-free authentication itself, so no password memorization is needed. It requires two-step authentication for added security, secure wallet fills for quick digital payments, and automatic password changes. In case of emergency, you also have the option to pre-designate a digital assets beneficiary so he or she can easily access your account, should something happen. 

    Note on premium: For $1 or $3.35 per month, users are better able to manage security, assign more account beneficiaries, and more.

    Learn More About LogMeOnce Options

    Dashlane

    Price: Free or $39.99/year.

    What setup entails: App and browser plugin installation. 

    Why we recommend it: This free software saves you time with a digital wallet, which securely stores your payment types, advanced form filling to quickly enter information, and the ability to update passwords across accounts from the app. The free version also offers security breach alerts and local-only encryption and storage. In case you have an emergency, you can also grant emergency access to designated individuals.

    Note on premium: For $39.99 per year, the app also offers syncing across devices, multi-factor authentication for added security, and priority customer support.

    Learn More About Dashlane Options

    Protecting Your Assets with Preplanning

    If you’re interested in funeral preplanning, Busch Funeral and Crematory Services can help answer your questions. Our compassionate staff offers the highest level of services and we’re available at any time day or night. Contact us with questions today, or to learn more download our free Seniors Guide to Funeral Arrangements: How Preplanning Can Save Time, Money and Worry.    

    Funeral Preplanning Financial Guide

     Image credit: Pixabay

    Topics: Preplanning