In the digital age, many things that we consider to be part of who we are no longer reside in our home in the form of physical assets. Instead, fragments of our identity are scattered around the digital realm. This might be in the form of a Facebook page, a blog or in articles written about us that are generated in a Google search.
Most of us are attached to our digital identities and we want to address the management of our digital assets in our estate plan. However, since this is a relatively new issue, many people do not know how to address it. If you want to set intentions for how your digital accounts will be managed at the end of your life, you may want to consider the following tips.
Get an idea of the extent of your digital footprint
Many of us are not fully aware of the extent of our digital footprint. It's likely that you will have many digital accounts that you have not logged into for several years. As part of the estate planning process, you may want to delete accounts that are no longer in use and note down all accounts that you want to be managed at the end of your life.
State your wishes
You can state your wishes in writing regarding how you want your accounts to be managed. You may, for example, want your Facebook account to be deleted, and your email account to be maintained for administrative purposes until probate has been completed. If you are a business owner, it is likely that this will have a significant impact on how you will want your online accounts to be managed.
Organize the data and keep it updated
Make sure that you have a system in place for managing and updating all passwords for your accounts. You can safely do this through password management software.
When managed correctly, estate planning for your digital footprint can be a great way to ensure that your loved ones have access to cherished memories for generations to come. By understanding how the law governs estate planning practices in Florida, you will be able to do this effectively and efficiently.