Is it wise to go to­tally pa­per­less?

New Straits Times - - Letters - FATHIMA IDRIS Pe­nang

DAY by day, we see our per­sonal records and trans­ac­tions go­ing pa­per­less.

To most peo­ple, this is a relief as they no longer have to con­tend with pa­pers pil­ing on desks or spilling out of cab­i­nets.

Nev­er­the­less, there are dis­ad­van­tages in go­ing pa­per­less in some cir­cum­stances.

For ex­am­ple, when a per­son dies, the fam­ily mem­bers have to go through the de­ceased’s be­long­ings to take an in­ven­tory of his or her as­sets and li­a­bil­i­ties. They would piece to­gether in­for­ma­tion from bank, credit card and cen­tral de­pos­i­tory state­ments, as well as bank ac­count books.

How­ever, more and more of th­ese have be­come pa­per­less and can be ac­cessed only through the in­di­vid­ual’s e-mail ac­count.

If the de­ceased did not leave any phys­i­cal records of such in­for­ma­tion, the fam­ily will have an up­hill task ac­cess­ing th­ese doc­u­ments.

If cur­rently, we have about RM5 bil­lion in un­claimed monies, I be­lieve there would be much more in the fu­ture.

In the case of the de­ceased’s li­a­bil­i­ties, there would no doubt be no­tices of de­mand com­ing in through the let­ter box, but in­for­ma­tion on monies in the bank would silently come into the in­box for no­body to see.

It is, there­fore, im­por­tant that ev­ery­one keeps records of their trans­ac­tions as there is a danger that what a per­son owns may go with him or her to the grave.

FILE PIC

Most in­for­ma­tion, such as bank and credit card state­ments, is go­ing pa­per­less.

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