How to Protect Your Digital Assets After Death



If you’re like most Americans, you have a rich digital life. You may bank online, invest online and certainly interact socially online. But where do those assets go after you go? And how will your loved ones get access to them, if you haven’t left behind specific instructions and passwords?


Unfortunately, identity theft is rising even for the deceased. TIME magazine once reported that over 2.5 million Americans became victims of identity theft after they died. Disposition of digital assets, like any other property, should be part of your estate plan. Here are some tips for protecting your digital assets after death:


Take inventory of your digital assets


Start by making a list of all your online accounts, including the website addresses, your usernames, and passwords for each account. Digital assets can also include documents on your computer – photos, videos or anything else you have created that may have value. Store these assets in a secure system such as a web-based digital asset management system.


Determine what you want to happen with your digital assets


You may want to pass along your more personal digital assets like family photos to your heirs. Facebook allows accounts to be closed or set up as a memorial. Google allows its users to designate a beneficiary for all Google accounts or through its Inactive Account Manager. If you have a Yahoo! website or email account, it will be closed upon your death if your executor provides Yahoo with the proper proof. Be clear about what you want and then provide the instructions and means for that to be carried out.


Create documentation giving your executor access to your digital accounts


You can either have your estate executor take care of the disposition of your digital assets or create a separate power of attorney for digital assets if you want to have another family member take care of closing down or transferring your accounts. However, bank, retirement and investment accounts will pass to those named on beneficiary forms, so be sure those are kept up to date.


This article is a service of the Law Office of Keoni Souza, LLC, an estate planning law firm in Honolulu, Hawaii. We don’t just draft documents; we ensure you make informed and empowered decisions about life and death, for yourself and the people you love. That's why we offer a Family Wealth Planning Session, ™ during which you will get more financially organized than you’ve ever been before, and make all the best choices for the people you love. You can begin by contacting our office today to schedule a Family Wealth Planning Session and mention this article to find out how to get this $750 session at no charge.


DISCLAIMER: All information available at this website are for informational purposes only and is not legal advice. You should contact an attorney directly regarding your specific situation. Use of and access to this website or any of the email links contained within the site do not create an attorney-client relationship between the Law Office of Keoni Souza, LLC and any users or any other party.

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All information available on this website is for informational purposes only and is not legal advice. You should contact an attorney directly regarding your specific situation. The use of and access to this website or the transmission of information via email or through this website does not create an attorney-client relationship between the Law Office of Keoni Souza, LLC and any users or any other party. Transmission of information via email or through this website may not be secure, therefore confidentiality cannot be assumed.  By using this website or transmitting information via email or this website, the user agrees to this information being collected, stored, or transmitted to a third-party.

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