What happens to your online accounts when you die?

 

 

LawsCatchingup

After Yahoo Japan, now IBN live is asking this question in an article posted today.You can find more details of the article here.

The article talks about the Uniform Law Commission as well.It’s nice to see that laws are catching up now. However, dealing with digital assets is much more complex than dealing with physical assets. Giving all the assets to legal heir is not a complete solution. Prior to the development of PlannedDeparture.com, when I was researching this topic, I met someone who lost her Brother. She converted his facebook page in the memorial page but was living in the constant dilemma – as she wasn’t sure if her brother would have approved it or not. One main thing – instructions on how his facebook page should be handled was missing.

Another issue is what’s relevant for whom? Personally, I wouldn’t want every asset to go to my legal heir. They wouldn’t have any clue on what needs to be done. Control should be in the hands of user. They should be able to specify who gets what along with the instructions on what needs to be done.

PlannedDeparture gives control back to the user. Why not sign up today to find out more.

Image Sources:

http://www.bangkokpost.com/

http://www.zoerace.com/awardsresults.html

http://away-together.com/2009/11/18/981/

 

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.

1 thought on “What happens to your online accounts when you die?”

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