In this digital age, we depend on our phones, computers, tablets, and even
smart watches to communicate with others, stay updated on current events,
and conduct our everyday lives.
However, what happens when you pass away? What happens to your Instagram
pictures and Spotify playlists? What about e-mail accounts, bank accounts,
and recurring subscriptions? Your presence on the internet does not disappear
when you die.
Most social media companies keep their user accounts active, unless they
are closed or deleted by the user, someone with the user’s login
information, or a designated executor. Nevertheless, these accounts can
be difficult to remove.
The same goes with financial accounts. Without detailed instructions, such
as a will or trust, the distribution of assets in personal accounts may
have to go through probate.
Make a Plan
To avoid any of the issues of your digital assets in the event of your
death, take time to organize them and create a wish list to save your
loved ones the trouble of sorting it all out.
Consider the following actions when coming up with a plan:
Research digital afterlife services. Companies like Afternote, Afterwood, and Capsoole provide services that
take care of your digital assets in the event of your demise. The services
include digital asset planning, online memorials, as well as posthumous
Create a will or trust. These documents detail exactly how you would like your affair to be handled
in the event of your death. You can designate an executor for your estate,
determine how property is distributed amongst your loved ones, and even
name a guardian for any minor children.
life insurance. Not only does life insurance cover burial and medical expenses, but also
provide support for your family to resolve outstanding financial matters
or maintain their way of living.
Set up a password app. 1Password, LastPass, and other similar services can store all of your
login information, credit card information, passport, driver’s license,
etc. in one convenient place.
If you are interested in buying life insurance,
contact Insurance Specialists, Inc. for more information today.