Digital Assets
Digital technologies are now permanently embedded in our everyday lives. As a result, incorporating digital assets into estate plans has become crucial. When creating an estate plan, make sure to include a plan for your online accounts, such as spelled-out instructions on what you want to happen to your email and social media accounts.
You'll also want to figure out who should receive other digital assets with monetary or sentimental value, such as cryptocurrency, balances in mobile payment services like Paypal and Venmo, and other meaningful property that exists in digital form, such as photos. In addition, many digital assets can't be accessed without passwords or—in the case of cryptocurrency—digital wallets and passkeys. Having a system in place for passing on that information is vital to making sure your wishes are carried out.
Digital Assets
Digital Assets
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Technically speaking, digital assets are any “electronic record” that you own, license, or control.
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A Plan for Your Digital Assets
What will happen to your online accounts when you die?
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Can My Digital Assets Pass Through My Will?
You can pass some types of digital assets through your will, but most digital assets transfer in other ways, or not at all.
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Why Your Executor Needs Access to Digital Assets
After you die, the person wrapping up your affairs may need to access your digital assets.
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Access to Online Accounts: Helping Your Executor and Loved Ones
Make sure your executor or another trusted person can find the passwords and usernames for your digital accounts.
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How to Add Legacy Contacts to Your Accounts
Give your loved ones access to your Facebook, Apple, and Google data after your death.
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Digital Assets and Incapacity Planning
You can use a power of attorney to give a trusted agent authority to manage your digital assets. And if you have serious or specific concerns about what will happen to your digital assets if you become incapacitated, you might also give your agent login information and instructions about what do with your accounts.
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The Revised Uniform Fiduciary Access to Digital Assets Act (RUFADAA)
RUFADAA helps fiduciaries and tech companies figure out who should have access to a person's digital assets after death.
Managing Your Online Accounts
Managing Your Online Accounts
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What Will Happen to My Email Account After I Die?
You can decide, if you make a plan.
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What Will Happen to My Yahoo Email Account When I Die?
Yahoo will delete your account after 12 months of inactivity.
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What Will Happen to My Outlook.com Account When I Die?
The surest way to know what will happen to your outlook.com account is to make a plan and leave any necessary instructions to the people who will be wrapping up your estate.
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What Will Happen to My Twitter Account When I Die?
What happens to your Twitter account when you die depends on a few things, including:
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What Will Happen to My Hotmail Account When I Die?
What happens to your hotmail (outlook.com) account when you die depends on a few things, including:
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What Will Happen to My LinkedIn Account After I Die?
What happens to your LinkedIn account when you die depends on a few things...
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What Will Happen to My Snapchat Account When I Die?
Snapchat is not forthcoming about what happens to the accounts of deceased users.
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What Will Happen to My Match.com Account When I Die?
What happens to your Match.com account when you die depends on a few things, including:
Talk to an Estate Planning attorney.
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