Future of digital wealth overlooked

Research from Lloyds Bank shows two thirds of adults with online pensions, investments, savings and bank accounts have failed to inform next of kin about their accounts, leaving assets at risk of disappearing after death. Lloyds’ director of bereavement, Paul Sheehan, says people need to take more care of their online finances as we shift away from paper: “Digital makes managing your finances easier, but it can make things more difficult for next of kin taking on your financial affairs when you die, as so many are financially unprepared for death.”

Daily Express, Page: 28

Posted 10/01/2018