As we continue to rely on digital technology for almost every aspect of our lives, it's essential to think about what will happen to our online presence after we're gone. From social media accounts to email and cloud storage, our digital assets are just as valuable as our physical assets. That's why estate planning for digital assets is becoming increasingly important.
1. Recognize the Value of Your Digital Assets
The first step in managing your digital assets is recognizing their value. Your online presence may include financial accounts, personal information, and sentimental items such as photos and videos. You must keep track of all these items and ensure they are adequately secured.
2. Create a List of Your Digital Assets
To ensure nothing falls through the cracks when managing your digital assets, create a comprehensive list of everything you own online. This may include email accounts, social media profiles, cloud storage services, cryptocurrency wallets, etc. Regularly update this list as you acquire new online accounts or delete old ones.
3. Choose a Trusted Executor
When creating an estate plan for your digital assets, choosing someone you trust to manage them after you're gone is essential. This person should be tech-savvy enough to understand how to access and manage your online accounts while also being trustworthy enough not to misuse any sensitive information they may have access to.
4. Use Secure Passwords and Two-Factor Authentication
One of the best ways to protect your digital assets is by using unique passwords for each account. Consider using a password manager like LastPass or 1Password to generate strong passwords that hackers can't easily guess. Additionally, enable two-factor authentication on all your accounts for an extra layer of security.
5. Consider a Digital Estate Planning Service
Finally, if you're uncomfortable managing your digital assets alone, consider using a digital estate planning service like Everplans or Estate Map. These services can help you create a comprehensive list of your online accounts and provide guidance on how to securely manage them after you're gone.
Rapid City Estate Planning Attorneys
For those in Rapid City, SD, who are seeking guidance on how to include digital assets in their estate plans, Beardsley, Jensen & Lee offers expert legal services to navigate this complex area. Our team understands the intricacies of digital asset management and can help you create a comprehensive estate plan that encompasses your entire online footprint. Don't let your digital legacy be left to chance; contact us today at (605) 777-7466 to ensure your digital assets are protected and your wishes are honored.