Do your family members know what online accounts you have? Do they know how to handle them in case something were to happen to you?
More than likely, people don’t advertise to others about what digital assets they have or how those assets should be handled if something were to happen to them.
But dealing with digital assets after someone dies is becoming a challenge for families and loved ones. Family members can't just rifle through a desk anymore to find the accounts and assets because they’re mostly found online. And back in the days, pictures were carefully placed in photo albums and stored on bookshelves and coffee tables. But now, I’m sure most of you have photos stored on your smartphones, computer, or cloud storage.
Today, it’s becoming more important and necessary to plan ahead for access to your digital property (ie. passwords, online accounts, and electronically-stored information) and leave clearer instructions for your family members in your estate plan to handle your digital assets.
By creating a proper digital estate plan, you can help your family:
Here are some steps to take to get started on your digital estate plan:
About the Author
Christine Chung, Esq.