Cybersecurity — who “owns” your account?…Rick Loek

Who owns your online accounts? What happens when you die? Have you ever read the agreement you acknowledge when you create an account? Twice yearly I attend extensive training from Ed Slott, CPA and his team. The Wall Street Journal calls Ed Slott the nation’s best source of IRA advice. Additionally you may have seen Ed Slott on PBS during pledge week. He is one of the all-time top fundraisers for PBS. If you look closely at the show – you will see me in the audience! At our October 2016 training with Ed Slott we dove into the subject of digital estate planning. Do you have accounts you “share”, that is, you have one “joint” account? Did you know that online accounts are never joint?

Here are various types of online accounts:

  • Email; iTunes and similar digital media collections; Blogs, Domain names and websites
  • Facebook, Twitter, LinkedIn and other social media sites
  • Dropbox, Box, One Drive Google Drive, Shutterfly and other cloud storage accounts

At this point we have taught some of our chapter members to publish content on the Internet; they can boast that they are creating webpages – might have been fun at the Thanksgiving dinner table.

Are you unknowingly a “hacker”? Anytime someone accesses information without proper authorization, that is exactly what they‘re doing – hacking! In many cases today, it is illegal for anyone other than an account owner to access a particular online account. For example Per Yahoo’s terms of service agreement: “No Right of Survivorship and NonTransferability. You agree that your Yahoo! account is non- transferable and any rights to your Yahoo! ID or contents within your account terminate upon your death. Upon receipt of a copy of a death certificate, your account may be terminated and all contents therein permanently deleted.”

What’s the solution? There is some legislation that can be suggested and adopted by various states. At the time of the training in October California was not one of those states. Maybe we can see what AARP can do to help lobby for a solution? Until something changes you should be aware that when a person passes away – access to their account is likely not authorized, even if their trust and estate documents make provision for such access.

Look at for more useful posts and resources.

Legislative Report…Daniel Nnorth and Claudia Schott

Just a quick recap of the legislation that has passed this last quarter in the California Legislature:

SB1234 – The retirement savings plans bill – Approved by the Governor on September 29, 2016.

SB833 – Medical Estate Recovery bill – Signed into law by Governor Brown on June 30, 2016. It takes effect. It will reduce claims by California Medi-Cal Estate Recovery to what is minimally required by federal law.

AB 908 – Disability Compensation: Family Disability Insurance – The Governor signed it into law on April 11, 2016. This increases the maximum benefits for families who are taking care of a loved one.

SB 908 – Health care coverage: premium rate change: notice: other health coverage – Filed with Secretary of State September 23, 2016 and has become law. This one makes health insurance increases for small groups and individuals to be announced at least 120 days prior to them taking effect.

SB 939 – Continuing Care Contracts: Cancellation/Payments – Approved by the Governor on July 25, 2016. It prohibits Continuing Care Retirement Communities (CCRCs) from, among other things, charging monthly fees after a unit has been fully vacated.

SB 1135 – Health care coverage: notice of timely access to care – Filed with Secretary of State September 23, 2016 and became law. This law requires health plans and insurers to notify consumers and health care providers about patients’ rights to timely access to care and language assistance.

SB 1384 – California Partnership for Long Term Care Program – Filed with Secretary of State September 22, 2016 and has become law. This law will require long term care policies to be more specific in what they cover and what they offer. More regulations to keep the guesswork out of insurance.

AB 2406 – Junior Accessory-Dwelling Units – The Governor signed this into law on September 28, 2016. It will require that reasonable fees and uniform standards are used for Junior Accessory Dwellings. This should help with the affordable housing shortage and will provide standards for said dwelling.

SB 1069 – Accessory Dwelling Unites – Approved by Governor September 27, 2016. It eases restrictions on homeowners who wish to add a “Granny Unit” to their property. This law goes hand in hand with the prior one in helping ease the housing shortage.

AB 1687 – Customer Records: Age Information – Governor Brown signed it into law September 25, 2016. This law requires that actors’ and other people’s ages not be made public in order to curb age discrimination. It will go into effect January 1, 2017.

SB 1150 – Homeowner Survivor Bill of Rights – Filed with Secretary of State September 29, 2016. This law clarifies the responsibilities of the lender when the mortgage holder dies and the spouse wishes to take over the loan. It also helps with foreclosure avoidance programs.

AB 1580 – Credit Freezes – Filed with Secretary of State September 23, 2016 and made into law. This requires consumer reporting agencies to freeze a person’s credit for the security of a protected individual for whom a guardian or conservator has been appointed, when that request has been made by their representative. It also states that the agency must provide written confirmation within 10 business days of the freeze.

Here is a statement by AARP regarding Medicare and Social Security: “We’ve been hearing from many of you about Medicare and Social Security — and we are listening. Rest assured we will do everything we can to protect your hard-earned benefits. For nearly 60 years, AARP has been fighting to ensure Americans get the benefits they’ve earned. In 2005 we successfully beat back Social Security privatization. In 2012 and 2013 we mobilized our members to fight against budget deals that would have cut your Medicare and Social Security benefits. We need to strengthen these programs, not cut them. Once the new President and Congress are sworn in, we will judge any future legislation based on our principles. And we’ll keep fighting with the full power of our nearly 38 million members to protect your Medicare and Social Security benefits.”

We hope you had a wonderful Thanksgiving and we wish you happy holidays and a great new year! See you in 2017!

Opportunity Tickets…Barbara Robinson

December drawings at three tickets for $1 are:

Chipotle (3) (must use by 12/31/16) Various Locations and Menu Items (Thanks to Marlene Hruby)

Stacks’s ($30 value) 139 E. Campbell Ave, Campbell 408-376-3516 (Thanks to Carol Barcelos)

Campbell Express—(Thanks to the Howe Family)

November winners were:

Denny’s Restaurant: Paddy Wray

Dickie’s BBQ: Norm Schwartz

Campbell Express: Marge Papp


10:00 a.m. Social Time 9:30 a.m.

Please bring books to share. Leave clean clothing and bedding and nonperishable food for Sacred Heart on the bench outside. Please do not bring garage sale type items for Sacred Heart. Put new and used greeting cards in the box on the troop table. Bring your items for the GI’s into the meeting area.

Lunch after meeting:

Best Taste, 2360 S Bascom Ave, Campbell. 377 7666 Program: Delphi Academy Students

Singing Christmas Songs