UNNECESSARY STRESS is what happens with your digital asserts after death?
What actually is a digital asset?
Anything that is electronic and has a password or pass code.
- Computing hardware, such as computers, your Microsoft or Apple account, external hard drives or flash drives, (USB) tablets, smartphones, digital music players, e-readers, digital cameras, and other digital devices
- Any information or data that is stored electronically, whether stored online, in the cloud, or on a physical device
- Any online accounts, such as email and communications including phone accounts, social media accounts, shopping accounts, photo and video sharing accounts, video gaming accounts, online storage accounts, and websites and blogs that you may manage or belong to, banking codes and accounts.
- Domain names
- Intellectual property, including copyrighted materials, trademarks, and any code you may have written and own
Decide What You Want Done With These Assets
- How should each asset be handled? Depending on the nature of the property, the way you want different types of digital property managed may vary. While you may want some assets to be archived and saved, you may want others to be deleted or erased, while others should be transferred to family members, friends, or business colleagues. For each digital account or asset that you have, specify how you’d like your Digital Executor to handle that asset. While your wishes may conflict with some companies’ terms of service, it’s still valuable to your Executor to know what your wishes are.
- Do any of the assets have monetary value? If so, you may want to instruct your Executor to handle those assets in a specific way. For example, should revenue-generating assets be transferred to people who will continue to manage the accounts? Should credits or points or cash values be redeemed? Should online stores you manage be immediately shut down, shut down after all items are sold, or transferred to someone who can continue to manage the store? If assets will continue to generate revenue, it’s worth thinking about where that money is going, and who will be able to access it after you’re gone.
Now you know what a digital asset is how are you going to handle them?
Keep a hard copy record off ALL YOUR PASSWORDS OR CODES. This includes bank account details and access codes. Make sure that the person who will be looking after your affairs knows where the list can be found.
Many times I have had families in tears because they could not unlock a phone or computer to access contacts and family photos.
Moreover, if you have written something important on your computer that you want you family and friends to read. IE Your life story or notes that you have been written that you would like included in your eulogy. Make sure that someone known where to find them. It is not a lot of use for a family to find vital information for your funeral six months after the event.
What to do:- Appoint a “Digital Executor” Write all passwords or codes in hard copy. Produce an electronic copy on a USB or other device and give it to your Digital Executer with instruction of what you want done.
IT WILL SAVE YOUR FAMILY HOURS OF STRESS
Other things to consider: Do you family know?
Do you have funeral insurance? (Who with)
How many bank accounts do you have and who with?
What money is automatically taken from your bank account or card?
Do you wish to donate your organs?
Burial or cremation, or would you like to be sent back to your home country or state?