Your Digital stuff when you’re gone … what happens?

You have pictures, files, emails and much more online. You have probably set up automatic payments using online banking. You access your accounts online.

And then you become incapacitated or die.

How do your loved ones access your digital information. Do you want them to? Are they legally able to (yes, even spouses may be restricted access in terms of service agreements)?

What are the log-on credentials (user id and password) for each site? Where can your loved ones find those?

You should ask your Estate Planning Lawyer about the legal issues and what documents, if any, may be needed to provide heirs and successors legal access. As to what websites and log-on credentials … ideas are in this excellent article in SmartMoney Magazine.

Protecting Your Virtual Estate. What happens to all of your e-mail and other digital assets when you die? Financial pros say not knowing can be costly. By TANIA KARAS JULY 10, 2012, 2:18 P.M. ET

 

About Larry Frank, Sr.

Larry R Frank Sr., MBA, CFP®, is an experienced financial advisor and a published author on Retirement Planning Research. Have a financial question? Click Here to Ask Larry

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3 Responses to Your Digital stuff when you’re gone … what happens?

  1. Larry Frank, Sr. February 17, 2013 at 10:38 am #

    I came across this link to Facebook’s solution and options

    http://lawprofessors.typepad.com/trusts_estates_prof/2013/02/social-media-after-death-.html

  2. Larry Frank, Sr. March 1, 2013 at 4:08 pm #

    Here’s another article on this often overlooked topic … What happens to your digital stuff after you’re gone (or still here but not in shape or mind to access it)?

    http://adviceiq.com/articles/russell-francis-death-and-online-accounts

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