American Business Brokers & Advisors - November 2024

PRST STD US POSTAGE PAID BOISE, ID PERMIT 411

WWW.TERRYMONROE.COM

800.805.9575

INSIDE 7824 Estero Blvd., 3rd Floor Fort Myers Beach, FL 33931 1 It Is Okay Because ‘I Have a Plan’

Sudoku Solution

2 3 4

Information Is the Key to Everything

Terry’s New Book Is Here!

What Happens to Your Digital Assets After You’re Gone?

assets. This inventory should include usernames, passwords, and any other relevant information. 2. Determine where you’d like them to go. Specify what should happen to each of your digital assets. For example, you may want your social media profiles memorialized or deleted and your photos shared with family members. 3. Select a digital executor. Choose a trusted person to manage your digital assets according to your wishes. This person could be the same as your estate executor or someone more tech-savvy.

Secure Your Legacy With a Digital Estate Plan FROM SOCIAL MEDIA TO ONLINE BANKING

In today’s digital age, we spend much of our lives online. Our digital footprint covers everything, from online banking and bill payments to social media interactions and photo sharing. But what happens to these digital assets after you pass away? This is where a digital estate plan becomes crucial. Your digital legacy includes all the interactions and content you’ve created online. This might encompass your social media profiles, email accounts, online conversations, photos, and even your blog. Managing these digital assets is essential not only for practical and financial reasons but also for emotional ones. Your emails, documents, and social media posts constitute an incredible legacy of content that might be meaningful for your loved ones. WHAT ARE DIGITAL ASSETS? Digital assets cover a wide range of online accounts and information, such as:

• Email accounts • Social media profiles • Online banking accounts • Subscription-based services • E-commerce accounts (e.g., Etsy, Amazon, eBay) • Cloud-stored photos and files • Cellphone apps • Online dating or gaming accounts • Online accounts for utilities • Loyalty program benefits (e.g., frequent flyer miles) • Any other personal data stored on your computer, cellphone, or tablet CREATE A DIGITAL ESTATE PLAN. Follow these essential steps to ensure your digital assets are properly managed and distributed.

4. Secure and legalize your digital

estate plan. Ensure your plan is legally binding and stored securely. Your digital executor should know where to find this plan when needed. Planning your digital legacy is an important step in today’s connected world. When you take the time to create a digital estate plan, you can provide peace of mind for yourself and your loved ones, ensuring your online presence is handled with care and respect after you’re gone.

1. Identify your digital assets. List all your online accounts and digital

4

WWW.TERRYMONROE.COM

800.805.9575

Made with FlippingBook Ebook Creator