Review: Plan Your Digital Legacy and Update Often

Estate planning has changed in the last decade or so. It’s not just our physical and financial assets we need to worry about anymore – we also need to worry about how to handle digital assets. While we think of digital assets as less “real” than physical assets, they can have real value. Your digital assets go far beyond Twitter and Facebook. Aside from online gaming assets (which can go for serious money – think hundreds of thousands of dollars or more), our digital assets contain much of who we are. Would you like to lose all of the photos you have stored online? The law and much of the financial world is far behind the times, making it difficult to know exactly what to do to ensure your digital legacy is handled according to your wishes.

Your estate plan should account for how you want to handle your digital assets. You may want to refer to our article on digital assets and estate planning from a couple months back for some suggestions on how to get started.

 

 

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