805 - How to Protect Your Digital Assets

When a child turns 18 and is now an adult they should get their first Will prepared.

WHY?

Ask these questions:

- Who will make decisions for them if they aren't able to?

- Who will handle their other assets, such as a pet or beloved book/stamp/beanie baby collection?

- Who will handle their social media, which is also an asset?

If a young adult doesn't have important documents in place the state, not their parents, will make decisions for them.

How can they protect their digital assets?

The best way to protect your digital assets, and all the others, is to designate who will have control of them in your Will.

We all have more digital assets than we realize. See the chart below.

Another reason to make your digital assets part of your estate plan is to reduce the risk of identity theft of the deceased.

When identity thieves catch on that a profile is no longer in use or they see condolences on a page, they know the account is not being monitored and will be easier to hack.

Have your digital assets included in your Will.

A good estate attorney will include this in their Will questionnaire.

If you aren't sure where to turn or think you can't afford an attorney, ASK ME.

Your Will is one of the most important documents you own.

Is your Will up to date?