As more aspects of daily life move online, personal and financial assets now exist beyond traditional property. From email and social media accounts to digital wallets and cloud storage, these online holdings form an important part of your estate. Without clear instructions, these assets may be lost or mismanaged after death.
A digital will allows you to outline how your online information should be handled. Including it as part of your estate planning can help loved ones locate valuable files, close accounts and carry out your wishes with fewer challenges.
1. Make an inventory of your digital assets
Start by creating a complete list of your online accounts and files. This includes email, social media, photo storage, online banking and cryptocurrency accounts. Note where each account is located and how it should be accessed, but never include passwords directly in your will. Instead, use a secure password manager or a separate document stored safely for your representative.
2. Designate a digital representative
Select someone you trust to carry out your wishes for your digital property. This person should be comfortable handling technology and sensitive information. It can also be helpful to name an alternate representative. Let both individuals know where your instructions are stored and how to access them when needed.
3. Include digital provisions in your will
Your digital instructions should be written within your valid last will and testament. Clearly grant your representative permission to manage, close or transfer ownership of digital accounts. Provide directions for handling items like photos, videos and online profiles so your loved ones understand your preferences. Clear wording can help avoid confusion during the administration process.
4. Store your documents securely
Keep your will and digital asset list in a protected but accessible location. Notify your representative and a trusted family member of where to find them. Review and update your documents as new accounts are created or passwords change to keep everything current.
Addressing digital assets as part of your estate plan helps preserve your online legacy and simplifies the process under probate law. Seeking legal guidance can be helpful when preparing a digital will and organizing your estate documents.