The Importance of Digital Assets
Access to your digital assets and accounts in the event of your disability or death is an important part of any estate plan.
Every year your digital presence grows. Some of your digital accounts may be tied to your bank accounts and some may not. Either way, you should have an ongoing list of all of your digitla assets, including login credentials to access the accounts.
These digital assets may include:
- domain name websites
- banking and investment websites
- email, social media websites
- online shopping and gaming websites
- photo and video sharing websites
- subscriptions for publications, movie and music streaming websites
Once you have the list of digital assets, you then should decide what you want your loved ones to do with them after you’re gone.
You will want to delete or erase many of your accounts. There will be some accounts that you will want to pass to any beneficiaries or business colleagues.
If any of these digital assets have a monetary value you will want your executor to handle these accounts in a specific way.
Your digital assets need the attention of an executor, or they will linger out there in the internet world for a limitless amount of time. The best way to handle the end of life is to tie up ALL of the loose ends, not just the financial ones. Find more information about digital assets here.
We can help you to be certain that your family and loved ones have access to these types of accounts at the appropriate time.
Kevin Miller is an estate planning attorney in Oklahoma City that has more than 30 years of experience as a probate, elder law, and estate planning attorney. Kevin will guide you through the writing of your will, trust, advance directive, and power of attorney documents. Kevin is motivated to help all families in Oklahoma City get the proper estate planning documents in place long before they need them.
We are here to help.