As more and more of our life is "online" these days, have you made arrangements for those assets at your death or incapacity? Who will close down accounts? Who will take over your mobile banking or bill-paying?
Americans value their digital assets at more than $54,000 on average, according to a 2011 survey conducted for McAfee, a security technology company — but few people take the time to create an estate plan for their digital assets.
If you haven't thought about these as assets, here are some steps you need to take:
1. Make an Inventory of all your online accounts.
2. Decide what you want to happen to each should you die or become incapacitated.
3. Consider any estate planning tools offered by the provider.
4. Consider appointing a Digital Agent or Executor.
As our firm is part of the national 5@55 Campaign, we offer the Essential Legal Tools every 55 year old must have in place to be legally prepared to age successfully and be protected in case of incapacity or death. The 5@55 program creates a legal lifeline with the following documents:
1. The Health Care Power of Attorney
2. The Durable Power of Attorney
3. The Living Will
4. Last Will & Testament or Trust
5. A Digital Diary
We can even provide your documents or just your Digital Diary on a USB business card like the one shown here. Contact us if you want to begin this vital planning!!!