Protect Your Digital Legacy: Will Your Heirs or Hackers Inherit Your Online Assets?
Digital assets require special handling after death, unlike traditional bank accounts that follow state laws. Without proper planning, online photos, cryptocurrencies, and other digital files could be lost forever, while private information might become exposed.
Creating a Digital Asset Inventory
Start by documenting your devices (smartphones, tablets, computers) and their passwords. Then create a comprehensive list of digital accounts, including:
- Email accounts (personal and work)
- Social media profiles
- Cloud storage services
- Reward program accounts
- Online shopping accounts
- Website and domain registrations
- Gaming profiles
- Streaming services (video and music)
- Digital book libraries
- Photo storage accounts
- Dating profiles
- Cryptocurrency wallets
For each account, record:
- Login credentials
- Password recovery information
- Two-factor authentication details
- Security question answers
Understanding Digital Asset Transfer
Some digital assets have transfer limitations:
- Digital media purchases (books, music) are typically non-transferable licenses
- Travel rewards and points may have specific transfer policies
- Some platforms offer legacy contact features (like Google and Facebook)
- Other services may automatically close accounts upon death notification
Creating Your Digital Estate Plan
- Determine which assets to transfer and which to delete
- Document your wishes for each account
- Create a secure document with all necessary access information
- Store instructions with other estate planning documents
Choosing a Digital Executor
Select someone who is:
- Tech-savvy
- Trustworthy
- Willing to handle your digital affairs
- Named in your will or living trust
Maintaining Your Digital Estate Plan
Review and update your digital estate plan annually to account for:
- New accounts and services
- Changed passwords
- Updated security measures
- Technological advances
- Modified platform policies
Regular maintenance ensures your digital legacy remains protected and accessible to your chosen representatives.