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Consider What Happens to Your Digital Estate After You Pass Away

September 20, 2017

Comprehensive estate planning is something that any person can benefit from, regardless of the size of their estate. It is a mistake to assume that you do not have to participate in estate planning because you have a few basic documents such as a will in place. Your will could be outdated or even legally invalid depending on whether or not you have moved to new states or incorporated new things into your life since you last put it together. Consulting with an experienced attorney is the best way to get a holistic approach to your estate planning. plan for your digital estate

One commonly overlooked but increasingly important component of estate planning has to do with your digital estate. What happens when you pass away to your email accounts, bank accounts, and even your social media. Will these disappear? Are they deactivated? Or will they exist in the Cloud forever?

The answers to these questions lie in the domain of digital estate planning and scheduling a consultation directly with an experienced digital estate planning lawyer can help you to accomplish a broad perspective on what you need to include. With so much vital information stored online, you simply cannot afford to neglect your digital estate planning opportunities. The nature of estate planning itself has changed and while you still may benefit from some of the more traditional documents, you can also benefit from considering what plans you’ll put in place to protect the assets you have online or to deactivate them. Appointing another individual to step in in this role is a common way of addressing concerns with your digital estate but you need a plan that is designed for flexibility and fast action. Consulting with a lawyer who is knowledgeable about digital estate planning can help you to craft a plan that is in line with your unique needs.

The nature of estate planning itself has changed and while you still may benefit from some of the more traditional documents, you can also benefit from considering what plans you’ll put in place to protect the assets you have online or to deactivate them. Appointing another individual to step in in this role is a common way of addressing concerns with your digital estate but you need a plan that is designed for flexibility and fast action. Consulting with a lawyer who is knowledgeable about digital estate planning can help you to craft a plan that is in line with your unique needs.

                                                                                                                                     

 


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can be of assistance.

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Recent Posts
Do You Owe The AMT?

American educational reformer Horace Mann called education “the great equalizer.” In football, it’s been said ...

See more
What is the Value of Your Business?

In the second quarter of 2023, more than 2,300 small businesses were sold. The median ...

See more
Immediate vs. Deferred Annuities

Despite not being as well known as some other retirement tools, annuities account for 6.5% ...

See more