Practical Tips for Digital Estate Planning
What is Digital Estate Planning?
In a nutshell, digital estate planning is the process of organizing and indexing your digital property and assets, as well as making arrangements for what happens to your “digital property” and assets after your passing. An example of digital assets would be social media accounts, financial accounts, blogs, websites, etc.
As part of your estate planning process you should appoint someone to act as your Executor on your behalf with respect to all of your property, including your digital property. It is important to prepare a complete list of your passwords, online accounts and other digital property and store this information in a secure location. By creating a detailed list, this will help your Executor and family members locate your valuable and significant online accounts. This will provide for a smoother administration of your Estate, and ensure important information is not overlooked.
Make sure to keep your completed list in a secure location, like a safe deposit box or home safe. You may want to keep a secure electronic version of this list somewhere accessible so you may update as needed. Don’t forget to leave written instructions for combining your electronic list and separate written list, if needed. Also, make sure to keep the list up-to-date.
If you have questions regarding Digital Estate Planning or Estate Planning in general, please contact Estate Planning Attorney Ada K. Wong of AKW Law, PLLC at email@example.com or (425) 954-3512.