Effective Management of Your Online Assets Critically Important for Your Digital Estate Plan

Ask yourself - what will happen to your Twitter account when you pass on? What about your Facebook account and Pinterest Board? What about your photos shared on a variety of social media platforms? These are important questions that need to be answered when planning your estate because your digital assets need to be part of that plan. Think about this - between 2012 and 2014, humans generated more data than in all of human history and the pace of that growth is only accelerating. Law Needs to Catch Up with Groundbreaking Technology There is an established set of laws for managing hard copy documents...

20 August

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Estate Planning News Alert: Influential Commission Working to Grant Loved Ones Access to Decedent’s Online Accounts

Posted by KarenLewis

in Current Events

The Uniform Law Commission, a group of influential lawyers appointed by state governments to help standardize state laws, endorsed a plan to give loved ones access to, but not total control of, all digital accounts of a decedent, unless otherwise specified in the decedent’s will. As we’ve ventured into the digital age, virtually everyone has vital information and profiles saved and published online. When someone suddenly passes away, it can be a huge hassle to gain access to their online accounts to either shut them down or retrieve important information like account numbers and/or passwords. Also, a decedent’s postings, photos...