During this unprecedented Spring we are following #StayHome orders to protect ourselves and our loved ones. To keep busy and be productive while you’re stuck at home, “spring cleaning while social distancing” has become a popular topic in newspapers, social media and TV news programs. While organizing your closets, basement and garage don’t forget to organize your paperwork and your electronic files. Digital assets – social media, online subscriptions, cyber currency, online shopping accounts – are an important part of your daily life – and an important part of your estate plan!
1. Review and Update Your Digital Asset List
You’ve most likely closed some accounts and opened new accounts. Write down the URL, login info and password for all your accounts and devices.
2. Update Your Passwords
Even better, install – and use! a password security and management tool.
3. Back It Up
Make a backup of your important online data, records, photos – anything that’s important to you and is stored digitally.
Unsubscribe from subscriptions, newsletters, email alerts, and updates you no longer need or read.
5. Clean Up Your Social Media Accounts
Review the privacy and security settings on your personal and business social media accounts.
An estate planning attorney can help you create a legally binding plan for how your digital assets will be managed or distributed if you die or become disabled. Not everyone wants their family members to have access to their personal accounts when they die, and a lawyer can ensure that your wishes are legal and followed.
In 2016, Illinois joined the Revised Uniform Fiduciary Access to Digital Assets Act, explaining what will happen to your digital assets if you die without designated beneficiaries or plans.
To take charge of who will have access to your digital assets and electronic files after you die or if you become incapacitated, consult an experienced estate planning attorney. Contact the Estate & Probate Legal Group in Lombard Illinois at (630) 800-069.