Facebook, LinkedIn, and Instagram are just a few examples of digital assets. It's important to decide how your online presence will be handled after you pass away. Learn how to create a digital estate plan in today's legal minute.
I'm Emily Hicks with Emily Hicks Law and this is your Legal Minute. Do you have a digital estate plan? A lot of our lives are now lived online and all of our online accounts are digital assets and need to be included in your estate plan.
First make a list of all your online accounts including your username, password, account number and a description of each account. Storage and protection is vital, and you need to save the list and back up important files and account information. Remember, the inventory itself needs to be secured.
Finally, select a digital executor and include a letter of instruction to them on how you want the accounts handled after you pass. Know that some companies require that you name the executor in advance.
I'm Emily Hicks with Emily Hicks Law. Be sure to tune in to The Elder Law Hour, Saturdays at 1 p. m. on WBOB AM 600.