Navigating Digital Wills
Crafting a digital will is a crucial step in ensuring affairs are in order following one’s passing. Age is not a determining factor when considering the necessity of a will; it’s a prudent measure to plan for the future regardless of age. While discussing such matters may be challenging, having a plan in place is imperative. In today’s age, many opt for a digital approach to wills, given our reliance on technology in daily life. One popular iteration is the digital will, offering guidance on navigating the digital realm posthumously.
Understanding Digital Wills:
A digital will serves as an adjunct to a traditional will, addressing the increasing presence of individuals online. Given the prevalence of digital assets—from social media accounts to online banking—these assets necessitate attention akin to physical property. This type of will facilitates the orderly management of a deceased individual’s online presence by providing instructions to family members.
What Does It Entail?:
Wills typically encompass instructions for handling various online accounts, including banking, social media, and entertainment platforms. These instructions guide family members on closing accounts and safeguarding the privacy and property rights of the deceased. Notable examples of assets covered by digital wills include:
Social media profiles (e.g., Facebook, Instagram, Twitter)
Online banking and billing accounts
Music and entertainment streaming services
Cryptocurrency holdings
Email accounts
Websites
Creating a Digital Will:
Crafting a will often involves collaboration with a legal professional well-versed in the requirements for its validity. Several essential steps, outlined by FindLaw, aid in the creation process:
Inventory: Collaborate with your attorney to compile a comprehensive list of your online presence, ensuring no accounts are overlooked.
Instructions: Provide detailed directives for managing each account posthumously, which family members will adhere to as stipulated in your will. Executor: Select a trusted individual to execute the instructions outlined in your will, emphasizing the importance of entrusting this role to someone reliable.
Storage: Ensure your will is readily accessible to the designated executor, considering options such as password access and physical copies stored alongside other essential documents.
Conclusion:
Though contemplating one’s mortality may be uncomfortable, preparing a will is a prudent measure. Considering all facets of life, property, and personal belongings is crucial when drafting an official will. For guidance on digital wills and comprehensive estate planning, Slaughter Law Firm offers expert legal counsel. To learn more about digital wills and other legal services, visit us online or contact us at (423) 844-0560 today!
