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The Importance of Digital Estate Planning

Posted Thursday, July 19, 2012 by Pivotal Law Group

alt text Digital information plays an important role in today’s world. We are inextricably tied to the internet and the online world- We socialize using online social media, we search for jobs using the internet, and we even control our finances using internet accounts. But even though the internet and online world plays such an important role during our life time, we often don’t make the necessary provisions for them upon our incapacity and/or death. Often times, upon death and/or incapacity, the internet may be one of the best resources for family to use in settling affairs.

In order to ensure that family members have access to the necessary online digital information, such as account, login, and password information, we recommend doing the following: create a repository of digital assets and their login/password information and keep it in a place that can be easily accessed by family members. Additionally, we recommend amending any existing durable power of attorney to give the attorney-in-fact the power to access all digital accounts. This will prevent family from having to jump through hoops in trying to take care of affairs during incapacity and/or death.

For more information or to update your existing estate plan, please contact Emily Rao at (206) 340-2008.

DISCLAIMER: This blog is not legal advice. This site and any information contained herein are intended for informational purposes only and should not be construed as legal advice under any circumstances, nor should it be construed as creating an attorney-client relationship. The information on this blog is a general statement of the law and may not be up to date, accurate or applicable to your specific circumstances. Prior success in litigation is not an indication of future results; each case is unique and past results cannot predict future outcomes.

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of vital or central importance; crucial