This is a guest article I wrote for the newsletter of a friend of mine who’s an Estate Planner.
Almost every digital or monetary asset you own is protected by a password. Some service providers, like investment brokers require multiple pieces of information, like your social security number, account number, date of birth, etc. These are all things that a provider assumes only you know. Once these secrets are known to others your asset is compromised. So in order to keep these secrets safe, you need to do two things: prevent others from being able to view these secrets, and prevent others from being able to guess them.