Security News > 2021 > November > Digital life after death: Do you have a password-sharing plan in place?

34% of Millennials broached the subject of a digital handover with their parents in the past year.

A report from 1Password and its partners, Trust & Will and Willful, explores the attitudes of 1,000 American Millennials, ages 25-40, toward end-of-life decisions, and storing and transferring digital assets before and after death.

"Millennials especially are facing the brunt of these shifting pressures, as they're balancing responsibilities for their own growing families while also caring for aging parents. Transition plans have long been a taboo topic, but it's time to destigmatize these discussions and ensure our digital lives are in order so the responsibility doesn't fall on others."

68% of Millennials still don't have a will, and just 38% of Millennials have provided clear guidance on how they'd like their digital accounts managed after they die.

Most Millennials keep their passwords to themselves in order to protect finances and their digital lives, following best practices.

"As more Millennials enter the 'Sandwich Generation', acting as caregivers for both children and parents or grandparents, it is more important than ever to have open and honest discussions about end-of-life preferences and digital handovers. Creating an estate plan ensures that your family or friends are authorized to act on your behalf and in your best wishes."

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