It’s tough to think about not being here anymore. However, it’s important that you have a will drawn up so that your loved ones know what to do with what you leave behind when your journey here on earth ends. In the 21st Century, it’s also important that you leave instructions on your various digital passwords, your online banking, your cryptocurrency and your social media for your family for when you’re no longer here.
Digital Estate Planning
Why it Matters
It might seem silly to even think about your online presence when having conversations with serious gravitas like a last will and testament. However, it’s important that your family knows what your instructions are regarding your online assets. Your social media, silly as it seems, is a part of your legacy. Your family can use it to respectfully inform your friends of your passing, and then the page itself can act as something of a virtual memorial to you.
Of course, you understand why more serious assets like your online banking, your cryptocurrency and your online financial records.
A Living Will
Equally as important is your living will, which would cover instructions on what to do about your online accounts in the event that you’re unable to handle their daily maintenance yourself. Namely, your online bill management and online banking won’t just take care of itself if you fall ill and can’t remember your passwords or access it.
In order to help your family help you, make sure your living will contains an updated compendium of your passwords, what bills you pay online, when they are scheduled to take out, and other important information. Your family will have a hard time finding this info on their own, so it’s important that you leave that information in plain view for them to help you manage your online presence.