Creating an estate plan for yourself – or helping your aging parents with the task – usually involves the disposition of personal property and other tangible assets. Little thought is usually given to the digital assets that have become so important to everyday life – online bill pay, online investing, social media network accounts and other digital properties so many of us are involved in on a daily basis.
Here are some tips for planning for the disposition of your digital assets:
Online financial accounts – if you regularly pay bills online, be sure that someone you trust has a list of your login information or knows where to find it should something unexpected happen to you. If you are incapacitated for a period of time, they can handle your financial affairs online if you provide them with the authority via a power of attorney.
Manage your data – changes in technology happens frequently, and if you want your data to live on after you are gone, you should name a beneficiary for each online account you own.
Protect your legacy – give your executor access to your social media accounts so they can preserve your photos and past posts for family members who want to keep them.
The Flanigan Law Group provides Southern California residents with personal attention for estate planning, administration and litigation legal services. When disputes between families, arise, they are very successful in resolving legal estate issues quickly and efficiently while preserving financial and emotional resources. Contact the Flanigan Law Group at 949-450-0041.