Consider your digital assets in your estate plan

On Behalf of | Feb 8, 2022 | Estate Planning

We live in a time when people usually do as much as they can online. Most people have accumulated many digital assets. These are sometimes worth money, but some may have more sentimental value. All of these assets should be included in the estate plan so your heirs know your wishes for them.

In some cases, you can name a person to get the digital account right on the platform. But, it’s still a good idea to leave the information in the estate plan so it makes it clear who is going to have control of it.

Information for the assets

Make a list of all the online accounts and digital assets you have. Determine who you want to have each one. Write out the information for each one, including the log-in information and location of the account. Each account needs to be given to someone, so make a note of who will get each one. The executor of your estate can get the information for the account to the correct person after you pass away.

On top of your online accounts, you may also want to designate someone to get your electronic devices, including your laptop, smartphone, e-reader, and any other devices. Most of these will have digital assets, such as pictures, on them. By giving the person the device, you’re passing down those digital assets.

Having a comprehensive estate plan helps your loved ones to focus on the grieving process after you pass away. By ensuring that you have all your assets named in the plan, you’re providing them with the information they need to take care of those accounts.