Purpose of A Digital Will
You have heard of a traditional will and last testament, but now there are things like digital wills too. When preparing your property for when you pass, it’s important to create a digital will as well. So what is the purpose of a digital will? Check it out below.
A digital will is a legal document that accounts for your online assets, presence, and more. A large portion of our lives is lived online now. We have social media accounts, personal and professional websites, online banking, email accounts, and logins to various online accounts. When you pass away, all of those things need to be dealt with just like any other asset in your traditional will. This is why a digital will is so important. It is a document that is solely dedicated to sorting out your online presence in the manner you want.
Creating A Digital Will
Your digital will should be included in your traditional will because it will be easier for the executor to know what to do. Here are the steps to follow when creating a digital will.
The first thing you need to do is create an inventory of your online presence. It’s important to compile a concise list of all your assets online. This includes:
- Social media accounts
- Email accounts
- Personal and professional websites
- Online banking
- Online shopping like Amazon, eBay, etc
- Music libraries
- All logins to any online platforms
- Subscriptions that withdraw money from your bank account
- Brokerage accounts
- Automatic payments
Once you have compiled a list of your online accounts, you need to decide what you want to do with them. For example, if you want all your social media accounts to be deleted this needs to be disclosed in your digital will. Many online platforms allow you to turn them into memorials, so you need to decide if that’s something you’re interested in doing.
You will need to decide on an executor for both your digital and traditional will. This will be the person who carries out all the instructions you ask. They will ensure all your assets are cared for in the manner you desire. Again, this is why it is so important to leave detailed instructions and choose someone you trust to execute them. You will need to include the name of your executor in your will.
Once you have successfully created your digital will, you should include it in your traditional will. This way all of your assets are organized, therefore properly executed. If you would like to learn more about digital wills, check out The Slaughter Law Firm. At Slaughter Law, our attorney has over 21 years of experience in areas like wills, criminal law, worker’s compensation, domestic matters, and more. One of the best ways to make sure your will is done correctly is to run it by a lawyer. If you’d like to schedule an appointment with our lawyer. Frankie Slaughter Jr., visit us online here or call us at (423) 844-0560 today!