Safeguarding Your Digital Assets
It can be all too easy to overlook your digital assets when thinking about making your will. So, what digital assets might you have? You will almost certainly have some! Here are a few suggestions:
- Money in a Paypal account
- iTunes library and collection of e-books
- Social media feeds (Facebook, Twitter etc)
- Instagram photographs
What will happen to these when you die? How can you ensure access to and (where possible) safe transmission of information that might otherwise be deleted, locked or lost?
Most content stored online is likely to have sentimental value only. Your solicitor can ensure that this passes quickly to family and friends by including a suitable gift in your Will.
Jill Waddington, head of Wills & Probate at Ridley & Hall, says, “We can make sure your Will is appropriately worded to include your digital assets. But be warned – not all digital assets are transferable on death.” Click here to check what happens to some of the most popular types of digital asset on death.
Here are three practical steps you can take now to safeguard your digital assets:
- fill in our digital assets log and keep it up to date
- update your Will to ensure it deals satisfactorily with your digital assets
- make sure your loved ones know your arrangements