Talk of The Villages Florida - View Single Post - Synchrony Bank accounts
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Old 08-30-2024, 03:06 PM
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Quote:
Originally Posted by Glowing Horizon View Post
Here’s something to consider. If you get your bank & investment accounts via email, will your spouse or your other beneficiaries know where your funds are, how much is there, who is entitled to the funds & the password to access the account after you die or are incapacitated?

If they don’t have access to your password- or biometric-protected EMAIL, they may not ever receive anything to trigger them to seek possession of it. Mailed paper statements serve as notifications to your heirs.
^^^Voice of experience^^^
My son has the master password needed to access all accounts in the event of disaster. They can access my email the same way to monitor for bills. Everyone should have someone they trust with this info if you are over 60.