At the age of 37, my financial planner told me that due to what I own, I really need to get my butt into gear and sort out my:
- Legal Will
- Enduring Power of Attorney
- Appointment of Medical Treatment Decision Maker.
That’s all Australian legal terms which while confusing, I’m sure it’s somewhat similar in the developed world. In short, I just need to state what happens when I either die or what to do with me if I get to a point where I’m practically dead. That and who gets my stuff.
This process has me thinking… I heard about a process called a “Dead Man’s Switch” which doing some homework, some companies offer a service but none I’ve heard of. Working off the basis that if my Attorney or Executors of my Will can get into my Microsoft account (main email), my Edge and OneNote, they could probably do a pretty good job in winding up my affairs. All my day to day bills are in the email and the filing process I’d imagine is pretty standard.
My question is.. .does Microsoft make this easy for anyone to plan ahead? I read online somewhere that they have a “Next of Kin” option but I can’t find that anywhere. Also.. I found a blog post and while I’m anti-Google in general, they appear to do it better in the blog post entitled “Plan your Digital afterlife”.
All I’m asking is surely in 2021… there is a better way then me putting my Microsoft account password and phone code (to pass 2FA) on a post-it note and leave it in a bank vault? Is there?