In today’s digital age, it’s important to consider your digital assets when creating an estate plan. Digital assets include anything that exists in digital form, such as social media accounts and online banking accounts.
Here’s what you need to know about estate planning for digital assets:
Take Inventory
Make a list of all your digital assets, including usernames and passwords. This will help your executor or trustee access your accounts and assets after your passing.
Consider Your Wishes
Consider what you want to happen to your digital assets after your passing. Do you want your social media accounts to be deleted or memorialized? Do you want your online banking accounts to be transferred to your beneficiaries?
Work with an Estate Planning Attorney
Work with an estate planning attorney to ensure that your digital assets are included in your estate plan. They can help you create a plan that meets your unique needs and goals.
Include Instructions in Your Will or Trust
Your will or trust can include instructions for your executor or trustee on how to handle your digital assets after your passing. This can include details on how to access your accounts and what to do with them.
Consider Privacy
Consider the privacy implications of your digital assets. You may want to include instructions on how to delete or secure your digital assets to protect your privacy and security.
In conclusion, estate planning for digital assets is an important consideration in today’s digital age. By taking inventory, considering your wishes, working with an estate planning attorney, including instructions in your will or trust, and considering privacy, you can protect your virtual legacy and provide for your beneficiaries. At Perez-Roura Law, we can help you create a comprehensive estate plan that includes your digital assets. Call us today at 305-570-3259 to schedule a consultation and protect your virtual legacy.