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.