Estate Planning Part 8: Planning Your Digital Estate
FCS5-465: Estate Planning Part 8: Planning Your Digital Estate
Authored by: Alex Elswick Nichole Huff
Abstract
With so much vital information stored online, the nature of estate planning has changed. Although you may still have many important documents in paper format, it is likely that much of your financial documents are digitized. It may seem obvious that important digital information such as online bank accounts should be addressed in estate planning, but other kinds of digital assets such as social media accounts, text messages, or even pictures stored in the cloud may have sentimental value for your loved ones. Email accounts and online retail accounts may house critical personal information that you may wish securely kept. Unfortunately, planning for these kinds of assets is typically neglected by individuals and their advisors. In order to ensure the safety and security of this kind of digital information, you will want to create a digital estate plan.
Core Details
Publication ID
FCS5-465
Status
Revised
Publication Date
Apr. 7, 2022
Series
Multi-Part Series
N/A
Categorical Details
Language
English
Peer Reviewed?
Yes