Today, people of all ages and income levels are part of a digital revolution. They are using computers and smart phones (based on digital technology) to access a huge number of internet services including email, online banking, and social networking sites like Facebook and Twitter, just to name a few. Each company that provides such a service usually requires that you establish a username and password to get into the site, and that you agree to its policies.
But, what happens to your “digital assets” (the various accounts you’ve created with your usernames and passwords) upon your death? Do you want some or all of those accounts accessible to your heirs or executor? Do you want some of those accounts closed down immediately upon your death? Do you want to specify what account information is transferred to certain individuals? The various internet service providers have differing policies that will impact how your wishes are addressed.
As our discussion indicates, your digital assets should be included in your estate planning. Today’s estate planning attorney’s must be well acquainted with this new set of concerns. They must be prepared to assist you and your loved ones in navigating through the various digital asset issues and in helping to insure that your wishes are met and that your loved ones obtain closure after you’re gone.
Getting Legal Help
Experienced Estate Planning Attorney, Elga Goodman, can help you with all your estate planning needs, including those involving your digital assets. Contact us today at 973-841-5111.
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