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Online assets and digital estate plans – are you prepared?

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What happens to your Facebook account if you pass away? Or those photos you uploaded years ago? Do you write a blog that brings in a measure of advertising revenue?

An estate plan can plan for those – and many more – contingencies.

Wells Fargo recently wrote an excellent article entitled “Do you have a digital estate plan for your online assets?” One quote stands out as showing the need for you to plan well:

“Only 10 U.S. states [Connecticut, Delaware, Idaho, Indiana, Maine, Nevada, New Jersey, North Carolina, Oklahoma, and Rhode Island] have passed any digital estates laws,” says Evan Carroll, co-author of Your Digital Afterlife.

While some online sites have rules in place – Facebook is one, with an option to designate who can access your account upon your death – but many have nothing at all. Whether it’s simply a photo or former blog post, or thousands of frequent-flyer miles accrued and never used, a digital estate plan can ease the burden of navigating the complex and rather untested world of who-owns-what online.

There’s enough burden to handle upon the passing of a loved one. That’s why considering every possible angle on your estate plan is important, to ensure everything – including your online presence – is accounted for and thought through.

If you have any questions, don’t hesitate to contact us and ask!

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