When creating your estate plan, you may not think about your digital assets. However, things like your email accounts and social media profiles need to be taken care of when you pass away.
Knowing how to plan for your digital assets in your estate plan is beneficial. Some tips to help are found here.
Prepare your email accounts
This is a crucial asset to plan for because your email accounts let your beneficiaries access different notifications and bills. Also, they are often used as credentials for other digital assets. It is required that you leave specific permission for your executor to access your email messages.
Document your login information
It’s important to list all your digital assets, including usernames and passwords. This should be included in your estate plan so that the executor can find them when you pass.
Write out your wishes
It’s important to list your intentions for all your accounts and assets. For example, do you want your social media accounts deleted, or should the content be archived? If you have digital assets that generate revenue or have monetary value, it’s important to designate what should happen with them.
Name an executor for your digital assets
It’s smart to name an executor to ensure your digital assets are handled based on your wishes. While you can give the job to your main executor, if you have high-value digital assets, it may be best to name someone else.
Planning for your digital assets after you pass
Today, estate plans can be used for all sorts of end-of-life planning. It’s smart to include your digital assets in this plan. You can work with professionals who can help you create the legal documents required.