Are your digital assets included in your estate plan?

Are your digital assets included in your estate plan?

On Behalf of | Nov 4, 2021 | Estate Planning

All adults should have estate plans. Even though most people hope they will live a long time, the reality is that suddenly it might be too late. Whether you’re a young adult, a senior citizen or somewhere in between, you should ensure that your wishes are properly conveyed. 

Have you thought about what will happen to your digital assets when you are gone? In some cases, these are worth a considerable amount of money. There’s also the chance that they will hold sentimental value for your loved ones. 

What types of digital assets should you think about?

There are many online assets you need to consider. Many companies won’t turn over your digital assets to another person unless they have your permission to do so. To do this, you should include the assets in your estate plan. You should also leave the usernames and passwords behind for the person you intend to have control over the asset. Think about these assets as you make your estate plan:

  • Marketplace and e-commerce websites
  • Email accounts
  • Any subscription accounts
  • Photo and video accounts
  • Online communication accounts
  • Banking apps or accounts
  • Loyalty programs
  • Apps on your cellphone
  • Dating profiles
  • Gaming accounts

Anyone creating or updating their estate plan should ensure they have a comprehensive list of their assets. While you might be focused on physical assets, the digital items you own might be just as important to your loved ones. Ensuring that you have everything covered can help them handle your estate according to your wishes when you pass away. 

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