How you can keep vital data safe for when your number's up

Friday, Sep 25 2015 01:30 PM

It’s not often a pal comes up with what looks like a genius business idea that remains strong every which way you examine it.

Usually, you give the plan a shake and it starts to fall apart — but not Simon Stewart’s Lexikin.

Stewart, a stockbroker, has devised a product that stores all the stuff we hold most dear — passwords, legal documents, certificates, photos and videos — and keeps it safe and accessible for when we die.

The idea came to him on a flight from Australia. His wife was born there and his father-in-law passed on a gripping 20-page account of a late relative’s emigration to Australia.

It was intended for this and future generations but Stewart lost it on the plane.

That set him thinking, and he created Lexikin, a sort of digital safe deposit box that stores everything valuable in one place for posterity.

When I go, lord knows what my nearest and dearest will make of scribbled numbers and code words.

They’re in different files and folders, supposedly to foil burglars — but sometimes I can’t remember where they are.

With Lexikin, they’re all there so that the people charged with sorting out someone’s estate find the task a lot simpler, quicker and cheaper.

You can also leave behind specific messages, letters, videos and wishes.

“Funerals cost £10,000 on average,” says Stewart, “but I don’t actually want a mahogany coffin with gold handles. I want one that’s made from recycled materials.

But no one would know unless I said so, and even then they might forget or they might die.

“With Lexikin, I can leave detailed instructions for when I’m gone.” It’s free to upload and view when the person is alive.

When they die, the executor pays a £100 fee to gain access to the digital deposit box.

Lexikin makes its money from suggesting wealth management advisers although their use is not compulsory.

Stewart claims to have achieved lower fees for Lexikin clients than they would otherwise be able to secure on their own.

British army regiments are recommending the service to their members.

Charities, too, are loving Lexikin, he says, because it makes the whole business of bequests simpler to follow.

“It’s a one-stop shop before you drop,” he adds.

It’s smart and new — Stewart may be on to something.

Now, where did I leave that PIN, again?

Get in touch

268 Orchard Road
B1-01 Singapore 238856

   +65 67377268
268 乌节路 #B1-01 新加坡邮区238856
欢迎拨电+6567377268 预约

Follow us