Since the sudden passing of my father, I’ve been thinking a lot about digital assets and what becomes of them. UK firm I Will Solicitors has produced an interesting infographic about this very topic. I’m sharing here in case others are wondering about the same thing. Turns about that our digital assets have significant value and that after a loved one passes it can often be difficult for their family to access this to protect private information and data.
Even though we are spending significantly more time using digital platforms for everything from banking through to personal administration and sensitive correspondence, this is an area that few people are thinking of accounting for in their estate planning. I hope this infographic helps people better understand what their digital assets are and how to manage them in 2020 and beyond (not the GREAT beyond, just the normal one).
I’m sorry to hear about the passing of your father, Nicholas. My condolences. And thank you for using this opportunity to educate your followers. I’m in the process of updating my will, so your timing is helpful. Have a happy, healthy, and peaceful week, my friend.
Thank you so much, Diana! You too 🙂
I’m sorry to hear about your father! My mother passed away last month and left me a digital (and physical) nightmare, with mystery accounts I haven’t figured out how to access, others she maybe closed, and important documents in very strange places. That’s on top of she never met a piece of paper she didn’t keep, or the years she spent trying to print the internet one web page at a time.
It’s made me really think about compiling a nice, tidy list of accounts and cloud storage and devices for my family so they are not ever stuck with this kind of mess.
This info graph really helps-thank you!
Good grief! Sounds like you’re in an even worse situation than me – I’m so sorry!
Dealt with this in part using Willmaker but there’s more to do. The main issue is that things keep changing and it all must have a simple means to keep up.
That is so true, John! And thanks for giving me a great excuse for why I’m putting it off 😉