Should You Include Digital Assets in Your Estate Plan?
Your email accounts, social media profiles, and even cryptocurrency wallets are part of your legacy. But have you thought about what happens to them after you’re gone? In Florida, including digital assets in your estate plan is a crucial step to ensure your loved ones can manage and protect your online presence.
Why Digital Assets Matter
Digital assets include everything, from social media accounts and email to online banking, investment accounts, and more. Without proper planning, your family may face challenges accessing these accounts or risk losing valuable assets, such as forgotten cryptocurrency. Florida’s Fiduciary Access to Digital Assets Act provides a framework, but taking action now ensures everything is handled according to your wishes.
How to Include Digital Assets in Your Plan
- Make a Digital Inventory: List all your online accounts, including usernames and secure storage methods. A password manager or encrypted file is ideal for this purpose.
- Choose a Digital Executor: Appoint someone tech-savvy and trustworthy to manage your digital accounts.
- Provide Clear Instructions: Specify what to do with each account—whether to delete, archive, or transfer access. Avoid writing passwords directly into legal documents.
- Explore Platform Options: Many platforms, like Facebook, offer tools to set legacy preferences for your accounts.
- Use a Digital Assets Memo: This is a separate document where you can include sensitive account details. It can be updated as needed without revising your will or trust.
Secure Your Digital Legacy Today
At the Law Office of Cameron H.P. White, P.A., we’re here to guide you through planning for your digital assets. Protect your online presence and give your loved ones peace of mind. Call us at 407-792-6011. Don’t leave your digital assets to chance—let’s create a plan together.