Digital Estate Planning – What to Do With Your Digital Assets

Digital Estate Planning – What to Do With Your Digital Assets


While we’re enjoying the fruits of digital life—our eBooks, movies, email accounts, social media profiles, eBay stores, photos, online games, and more—there will come a time we should ask ourselves, What happens to all of this good stuff when I die?


Like anything else we own, those things can be passed along through our estates too.


With the explosion of digital media, commerce, and even digital currency too, there’s a very good chance you have thousands of dollars of digital assets in your possession. For example, we can look at research we conducted in 2011 which found that people placed an average value of $37,438 on the digital assets they owned at the time. Now, with the growth of streaming services, digital currency, cloud storage, and more in the past ten years, that figure feels conservative.


Enter the notion of a digital legacy, the way you can catalog and prepare your digital assets for passing through your estate.


Getting started with estate planning for your digital assets


Like so many aspects of digital life nowadays, estate planning law has started to catch up to the realities that attorneys, executors, and heirs face when dealing with an estate and its digital assets. In the U.S., new laws are rolling out that address how digital assets are treated when the owner passes away. For example, they give fiduciaries (like an estate executor, trustee, or an agent ..

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