SO, WHO GETS ACCESS TO YOUR FACEBOOK ACCOUNT WHEN YOU’RE GONE?
THE IMPORTANCE OF ORGANIZING YOUR DIGITAL ASSETS
“Digital assets” is a phrase used to encompass internet-based assets, including your online photos, personal blog, social media accounts, financial accounts, professional blogs or websites that generate income, and digital currency such as Bitcoin. If you were to die, could the people you love access and claim these assets? Would they even know they exist? In the event of your death, your heirs might have difficulty accessing your assets and might need to take costly, time- consuming legal action in order to gain access. Even then, the court may not have any clear legal guidance about what to do because digital assets have evolved more quickly than the laws of inheritance that govern them. Now with a little preplanning, you can plan for these assets to transfer almost seamlessly into the hands of the people you intend to have them. However, a few practical and legal issues may prevent your heirs from gaining access to your digital assets:
There are measures you can take to address all of these. Some are simple and require no more than a notebook, a pen, and some time. Others have legal implications and are best addressed with the help of an estate planning attorney.
First, do an inventory of your digital assets and store it in a secure place readily accessible to your loved ones. A good old-fashioned loose-leaf binder or notebook works fine. List all your online accounts, such as Facebook, email, and online payment accounts and their corresponding passwords. (Update the notebook when you update your passwords or add accounts!) If the idea of committing all of this information to paper seems too old-fashioned or insecure to you, consider getting a password management app. These typically don’t cost much but can provide a level of security that might give you peace of mind. Another thing you should do is back up files that are stored to the cloud. While it’s convenient for you to have your family pictures in the cloud when you’re alive, you don’t want these irreplaceable treasures to be lost to your family after you’re gone. Make the effort to back up pictures and other important files to your own computer or local storage device.
• Federal laws intended to preserve data privacy
• Risk of criminal prosecution for unauthorized access to assets
• Data encryption
• Passwords that are difficult or impossible to bypass
• Lack of awareness that a digital asset exists
LOOK NO FURTHER FOR THE PERFECT GIFT
Hi there! My name is Kim, and I am the owner and creator of Backyard Candle Shoppe LLC. I have been making wax melts, candles, and more for my family and friends for a very long time. The products and scents I carry are made specifically for every season we are lucky enough to enjoy here in the valley! With that being said, I will be introducing my Winter Collection very soon. Presently, you can find and preorder from
my Shoppe on our Facebook page, where you will also see new product information, giveaways, sales, and upcoming events, such as festivals I will be attending. My wax melts, candles, and more are each highly scented and reasonably priced. I accept all orders, big or small, and even offer wholesale pricing when applicable. I hope you all had a merry Christmas and have a joyful new year!
This newsletter is for informational purposes only and no legal advice is intended. Be sure to consult with this law firm if you have a specific question about your situation. And, remember Edward and Jeff don’t take any unplanned inbound telephone or in-person meetings. We believe each case deserves our undivided attention.
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