${site.data.firmName}${SEMFirmNameAlt} | Attorneys At Law
Call Us Today
TF 888-575-9349
L 303-647-5099
view our Practice areas

How to plan for digital assets in an estate plan

People in California who are creating an estate plan might also want to think about what they would like to happen to their digital assets such as social media and email accounts, information on flash drives, domains and any cryptocurrency accounts. A person should make a list of all of these accounts and any passwords or encryption keys.

Next, a person should think about what should be done with these accounts and who should be in charge of each one. An executor could be assigned to handle all digital assets. Making sure someone can access the email account is the most important step since this is where password reset emails will be sent. If a person has an email account with Google, the company offers a service called Inactive Account Manager that allows a person to choose for data to be deleted or for someone to be notified after a certain amount of time has passed.

Facebook allows a person to designate a legacy contact to control the account. Another option is for loved ones to memorialize the account although this means they cannot make any further changes to it.

Just as they might do with a regular estate plan, people may want to discuss their plans for digital assets with loved ones to make sure their wishes are understood. They might also want to look into what the terms of service are because there may be procedures in place to allow others access. Even if a person does not have digital assets with monetary value, loved ones may want to get access to photos and similar items. People should also think about whether they have personal effects that might have sentimental value to include in the will; in some cases, families may argue over these as much as they would over items with monetary value.

No Comments

Leave a comment
Comment Information

Contact Information

350 Indiana Street
Suite 150
Golden, CO 80401

Toll Free: 888-575-9349
Phone: 303-647-5099
Fax: 303-271-0101
Map & Directions

Payment Plans Available

VISA | MasterCard | Discover Network
CBA | Colorado Bar Association | Established in 1897 Denver Bar Association | Since 1891 Nebraska | State Bar Association Naela | National Academy of Elder Law Attorneys, Inc.