We all have our own ways to track our passwords, whether it’s by memory, on post-its, in a password book, or electronic password file. For some, it’s not to track them at all.

Well what happens to all those passwords when you or someone you love dies? All those email, bank, insurance & billpay accounts become inaccessible and companies won’t unlock those online accounts for anyone, even if you can prove you’re a relative.

One man was so frustrated after his Grandmother’s passing that he created Legacy Locker. It’s a website where people can securely store their usernames & passwords for a $300 one-time fee or small annual fee of $30/yr, then identify beneficiaries to essentially “will” the info to someone else in the event of their death. Users can also write letters they want passed on, and they describe their service as an “online safety deposit box”. Brilliant!

This would be great for estate planning, married couples, aging parents, and really anyone who wants to make sure their assests are taken care of.

Here’s a video clip from a news station in Boston if you’d like to learn more.