Close Close
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards
ThinkAdvisor

Life Health > Running Your Business

If a Business Owner Dies, Who Can Access the Web? (Wall Street Journal)

X
Your article was successfully shared with the contacts you provided.

Online business accounts come with security measures, but if something happened to the password-keeper, are your company’s digital assets covered? If an online service does not allow multiple users on the account it’ll be a whole lot easier to use the business’ name on the account instead of an individual person. Even if the login in credentials are known, logging in could be a violation of privacy laws and terms-of-service agreements resulting in criminal or civil chargers, according to lawyers. A safer approach would be requesting the contents of the account through the proper channels. Instead of putting online account information in a will or trust as part of the company’s assets, which can become a public document, put an inventory of digital assets into a side document with the will or trust.