Saturday, June 29, 2013
As I have previously discussed, the disposition of a decedent’s “digital assets” is becoming ever more important. Digital assets like email accounts, web domains, social networking accounts, photos, music, and bank accounts are gaining in number and increasing in use everyday.
To begin planning for what you want to happen to these digital assets after you’re gone, first make an inventory of all digital accounts and assets. Provide your successor with any important information they may need like the website, username, password, and perhaps basic instructions for suggested actions. Update this inventory frequently and keep it in a safe place. Also, consider taking advantage of a number of password storage services.
Next, include digital asset provisions in your estate planning documents that detail how digital assets should be managed and distributed. There are also a number of “online afterlife” companies like AssetLock, Legacy Locker, and SecureSafe that may be helpful in disposing of your digital assets.
See Jeffrey R. Gottlieb, Introduction to Estate Planning for Digital Assets, The Law Offices of Robert H. Glorch Blog, June 25, 2013.