Planned Departure – Information and online identity after death.

Welcome to the Planned Departure. Our lives have changed drastically in past few years. From a relatively simple life of maintaining few accounts in our paper files to investments and accounts in many online services, we have come a long way. Pers…

Welcome to the Planned Departure. Our lives have changed drastically in past few years. From a relatively simple life of maintaining few accounts in our paper files to investments and accounts in many online services, we have come a long way. Personal communication is now replaced with email and phone conversation. From basic accounts like phone, electricity and water to complex accounts for spread batting or share trading, we have an online identity. We probably meet couple of people on a day to day basis, but communicate with hundreds of friends on facebook, twitter, orkut or other social network.

Traditional ways of networking in business is replaced by Linked-In and running business means probably using many online services like SalesForce. For many people, their PayPal and eBay accounts are probably more valuable than their physical account in the bank. On the same lines, ownership of intangible assets like a domain name is probably worth much more than Gold.

In many cases, our online identity and information we keep in our mind is as valuable as our physical existence. There is so much reliance on the online activities, but unfortunately what happens to all of this after our death is not known. This information and all these accounts can become inaccessible or worst abused if they are in wrong hand. 

Rise of nuclear families and online activities and lack of clearly defined ownership and transferability of online accounts has resulted in a massive unclaimed assets for banks and governments. It has also caused distressed to many families where these online accounts became inaccessible or abused after sudden death of someone.

At planned departure, we will try to increase awareness about managing information and online identity after death.  

Author: Planned Departure

Living and working in this digital era, our social media accounts – from Facebook, Twitter, Flickr to the likes of Pinterest – are increasing not only in number but also in volume. Additionally, many of us have domain names registered and libraries of movies, digital music and e-Books that can be of significant value. And let's not forget about Bitcoin and other virtual currencies! For the majority of us, these accounts and digital assets are likely to outlive us. And when we die, it is left up to family members and estate executors to sift through them all. Furthermore, even though they may have all the required passwords necessary for these accounts, many heirs will discover that they have no clear authority to access, or even to manage, the online accounts of their deceased loved ones. With the value of individuals' digital assets globally measured in the hundreds of billions of dollars, planning for the protection of our digital assets has moved to centre stage. It is essential that our online and social media accounts are included as part of the estate planning process. Failure to do so may not only deprive those we leave behind of fond memories and (possibly) a little nest egg, it could also leave us vulnerable to postmortem identity theft if fraudsters get to use our personal details to apply for credit facilities whilst our accounts remain unguarded. Planned Departure resolves these issues. We provide you with the ability not only to protect your digital assets, but also to clearly indicate who can access your online accounts and who should benefit from them. Create piece of mind today by registering with us in one quick and easy process.

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