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Digital estate planning helps protect your digital assets, such as cryptocurrency, passwords, data stored in the cloud, and social media information. Digital estate planning ensures that people you trust can access and control your digital information if you become incapacitated or pass away.
These days, you are strongly encouraged to include language in your will or trust to appoint a trustee or personal representative to have continued access to your digital information. An attorney can also help you understand and navigate privacy and user agreements for online services in a way that helps you maintain control through estate planning.
Assets that you can include in your digital estate plan include…
Some companies, such as Apple, allow you to designate a legacy contact who can access and control your data after you pass away.
Digital estate planning is becoming increasingly popular, though some may know it as “cross-training within the family.”
For example, let’s say the head of the household is primarily responsible for paying bills online. He can share passwords and account info with family to ensure they still have access to online autopay accounts and data should he be unable to.
Password-keeping apps can also be used to store a large number of passwords, and this data can be shared with family members or a partner to make sure access continues.
Attorney Myrna Setty is a diligent estate planning lawyer serving Florida. She helps clients address their digital assets in their estate plans.
Have questions about digital assets or your online legacy? Reach out to The Law Firm of Myrna Serrano Setty, P.A. at (813) 686-7175 for an initial consultation today.
Two-factor authentication (2FA) can be a huge problem. It is designed to help protect privacy and make it harder for the wrong people to access your data. Unfortunately, 2FA can make it very difficult to access this information once you pass away and the cellphone used for authentication is no longer in service.
Be sure to let an attorney know about any 2FA parameters you have in place so that these can be navigated by a trustee or personal representative.
An estate planning lawyer can help you set up simple tools, such as spreadsheets, to organize account information and make it readily available to loved ones and partners or spouses. They can also help you set up digital estate planning documents, inventory your digital assets, and make sure these assets are protected and accessed by the right people after you pass away.
Without this protection, accounts can be hijacked, and digital financial information can be lost to trusted family members. Working with a knowledgeable estate planning attorney can help avoid the social, financial, and legal complications that arise when digital assets are neglected or ignored in wills and trusts.
For more information on The Role Of Digital Estate Planning In The Modern Age, an initial consultation is your next best step. Get the information and legal answers you are seeking by calling (813) 686-7175 today.
Attorney Myrna Setty is a diligent estate planning lawyer serving Florida. She helps clients address their digital assets in their estate plans.
Have questions about digital assets or your online legacy? Reach out to The Law Firm of Myrna Serrano Setty, P.A. at (813) 686-7175 for an initial consultation today.
You don’t have to handle probate and settlement on your own. Let The Law Firm of Myrna Serrano Setty, P.A. step in and take the burden of executorship off your shoulders. Call Us Now - (813) 686-7175
