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Dealing with Digital Assets

calender1 22-04-2018

As the use of technology becomes more commonplace, so does the use of various online platforms. Providing instructions on how to deal with one’s ‘digital assets’ is a crucial component to effective estate planning. Whether it be your email accounts, social media (i.e. Facebook, Twitter, LinkedIn), domain names, photo/video storage (Flickr, YouTube), online banking and payment systems (eBay, PayPal, Amazon, iTunes), rewards programs (Flybuys, Frequent Flyer), computer hard drives, or passwords, your digital assets must be considered when undertaking your estate planning matters. By providing your executor with information to quickly and easily identify and settle any outstanding digital assets upon your death, you will not only help them wind up your estate effectively, but also prevent any subscription based payments being unnecessarily processed. Consider how you will communicate your digital account information to those you trust.