Using your computer and going online is likely a big part of your daily routine. Technology and the emergence of the internet may have transformed your life in recent years, much like many other Americans.
According to the Pew Research Center, only 7% of adults in the U.S. do not use the internet. Since internet and technology usage has become so widespread, you need to think about how to include your digital assets in your estate plan.
Compile a comprehensive list
Sit down and think about what kind of digital assets you own and what you want to include in your estate plan. Digital assets can range from social media and email accounts to photos and videos you store electronically on your devices.
Learn what you actually own
In some cases, you may have thought you purchased a digital asset outright when you actually bought a license to use the digital product. Check the licensing agreements for your digital assets from different vendors to see if you own the asset or just a license to it.
Back up any data from the cloud
If you store the majority of your digital assets on the cloud, back them up onto a storage device or personal computer. This will make it easier for your family members and those involved with your estate to access them with fewer obstacles after you pass away.
The laws the govern digital assets change frequently and rapidly. Take this into account as you make a plan for your digital assets and update this part of your estate plan frequently.