Don’t Overlook Your Digital Assets

Inheritance lawyers are sounding the alarm as many forget to include digital assets in their estate plans.

As we move more of our lives online and our reliance on online accounts increases, especially among the aging population, it’s crucial to consider all aspects of our digital footprint. Yet, there is a growing trend of people overlooking digital assets, which can hold significant financial or sentimental value.

What are Digital Assets?

Your digital footprint is more than just your email. So, what counts as a digital asset?

– Online bank accounts
– Pensions and shares
– E-commerce accounts like PayPal and Amazon
– Social media profiles, holding precious memories

All of these assets are an integral part of your legacy. Don’t let them be overlooked!

Why include them in your estate plan?

Including digital assets in your will ensures that your financial and sentimental legacies are preserved and passed on according to your wishes. It’s not just about money; it’s also about keeping your memories alive for your loved ones.

How to secure your digital legacy

Start by listing all your digital assets.

Then, consult with the appropriate advisors to incorporate them into your will or estate plan. Make sure you provide clear instructions on how each asset should be handled, who should have access, and what should be done with them.

Protect your finances and your memories

Your digital assets hold immense sentimental and financial value. From cherished family photos on social media to the balance in your online payment accounts, ensure they’re protected. Including them in your will/estate plan will safeguard these assets for your beneficiaries.

Seek professional advice

Drafting an estate plan that includes digital assets can be complex. It is important to obtain the appropriate professional advice to ensure your digital legacy is protected. Your chosen advisor(s) can help navigate the legalities and ensure your wishes are accurately reflected.

Remember…

Your digital assets are an essential part of your legacy.

Don’t let your digital legacy fade or fall into the wrong hands. Make sure these assets are accounted for in your estate plan.

Ensure they are included in your will to ensure they are protected and passed on like everything else that matters to you.