Private Client Professionals

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Solicitors and lawyers do not just have the task of drafting wills, conveyancing, take instructions from their clients and advise them on personal issues such as buying and selling properties, drafting documents and contracts but also now they have to make sure the virtual assets and profiles of their clients are securely safe.

They have to ensure that your legacy is well-looked-after, well-maintained and protected. This could be from pictures, to deeds to properties, wills etc.

Digital media has effects on our daily activities such as finances, transactions, communications and social lives.

“Private client professionals therefore have a key role to play in shaping the preservation of an individual’s legacy of digital memories and valuable material and in ensuring that such memories and assets are passed on following their death” concluded Nicola Plant and Emily Osbourne in May 2010, in their article “digital legacy.”

Do not forget to make sure anything you think that is relevant to you and your family is saved and documented.

PlannedDeparture can handle all your virtual assets and more including all your important documents. Just make sure you remind your solicitor or lawyer to include them in your paperwork and set up an E-vault to store them.

 

 

 

 

 

 

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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