18th May 2018
Have you ever thought about what would happen to your digital assets when you are no longer around? What would happen to the thousands of pounds you have stashed away in your secret betfair account that nobody else knows the password to or even knows exists?
It is becoming increasingly difficult to deal with the financial affairs of loved ones upon their death due to the significant increase in the amount and value of assets we hold digitally. This can be anything from banking and social networking to storing pictures and listening to music. It is therefore more important than ever to organise your digital information and give thought as to how you wish your digital assets to be dealt with in the unfortunate event that your body crashes and you are unable to reboot.
Aside from digital financial assets (online credits, bitcoins, stocks, gaming, online banking etc.) many of us are leaving a much larger online footprint than ever before and it is important to consider your how you would like your social and online inventory dealt with after you pass away. Photos, social media accounts, music, books, website domains, blogs etc. are just a few items to consider when planning ahead.
If you do not leave clear instructions, it is possible that your Executors or family will not be aware of all digital assets and therefore will not be able to take steps to wind them up or deal with them how you would have intended.
For further information on digital assets and how you can protect or plan for them within your will please contact Hannah Lockyer on 01256 305521 or email email@example.com
The contents of this article are for the purposes of general awareness only. They do not purport to constitute legal or professional advice. The law may have changed since this article was published. Readers should not act on the basis of the information included and should take appropriate professional advice upon their own particular circumstances.
If you are need of professional, reliable legal advice, contact us today.
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