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Digital Asset Estate Planning is critical!

Sadly, we had a good friend who did not make these arrangements and I still get his image popping up from his Facebook so here’s a short reminder on making changes to your estate plan for your digital assets:

Estate Planning for Digital Assets

The adviser realized leaving her client’s eBay and PayPal accounts open after his death could leave his heirs vulnerable to having those accounts hacked, a logistical nightmare if she didn’t have access to them.

“Anyone could hack into the accounts—which are connected to bank accounts—and take the money or rack up huge debts that the estate is then responsible for,”

They researched service agreements at social media, e-commerce and file storing sites. In accordance with those agreements, they came up with an amendment to the client’s revocable trust that they hoped would give the trustee, Ms. Pedersen’s firm, access to all of the client’s digital accounts when he dies.

Think about your accounts at Google, Facebook, Amazon, PayPay, Apple Pay, Samsung Pay, BitCoin, Itunes, etc. and how digital your life has become and make arrangements for someone to take down your digital accounts.  Don’t have your face pop up on a friend or family Facebook account after you’re gone, plan today.  Just sayin…

 

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Is this the revolution we were looking for?

Are Broken Marriage Vows Grounds for Blowing Up Someone’s Life?

By 

This might be a good day for us to rethink our attitudes about the victims of hacking, whether it’s Sony’s Amy Pascal or the married dude next door, because the mob is coming for us, too. Do we really want to live in a world where no one is allowed to make mistakes? Are we arrogant enough to believe that we’ll never screw up? If we do screw up eventually, do we want our future personal failings to be judged and prosecuted by a self-righteous mob who may or may not share our values and ideas about right and wrong?

When it’s our private lives that are smeared across the internet, we might finally ask ourselves:Is this the revolution we were looking for?

Food for thought: Just sayin…