POSTED IN: Estate Planning (Wills, Trusts, and Powers of Attorney)
TAGS: Estate Planning
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We all live in the digital world. We rely on the cloud and our mobile phones to store family photos, email accounts, banking apps, social media, airline miles, and important documents. Digital assets can hold both financial and sentimental value. Unfortunately, people often overlook them when planning for the future.
Digital Planning
Digital planning is important for every adult over age 18. If you become incapacitated or pass away, would someone you trust know what online accounts you have, how to access important information, and what you would want done with your digital presence?
A good place to start is creating an inventory of your digital life. Hurley Elder Care Law’s Being Prepared: A Practical Guide to Getting Your Affairs in Order includes a helpful digital assets section. Download yours today.
As you organize your digital assets:
- Create a comprehensive list of accounts and digital property.
- Use a secure password manager rather than keeping passwords in an unsecured document.
- Designate trusted contacts using tools such as Apple Legacy Contact or Google Inactive Account Manager.
- Include digital assets in your estate plan so the appropriate people have legal authority to manage them.
Your executor or agent may need more than a password to legally access and manage certain digital assets. Proper estate planning can provide clear authority and instructions, helping protect your privacy, preserve meaningful memories, and make things easier for your family.
At Hurley Elder Care Law, we can help ensure your estate plan addresses not only your traditional assets but also your digital life. Call 404-843-0121 to schedule a meeting at one of our four convenient offices in Atlanta, Duluth, Woodstock, or Newnan.
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