A few years back, a friend’s family member died, leaving behind quite a mess for his family to deal with–mostly because he had gone paperless and had failed to leave a password list or log. His probate case was tedious and expensive because of his lack of attention to this detail.
The benefit of a password log is two-fold. First, you should have a password log for your loved ones just in case you were to become incapacitated or die. Second, if you’re like me, you occasionally forget your password to a certain site or service and need a reminder without the rigamarole of resetting a password–or the inconvenience of getting locked out of an account.