Legalese by Kate Fletcher
I recently received a Facebook notification that it was "John's" birthday. John was an elementary school chum and passed away a few years ago. Besides evoking sadness, the notification had me thinking again about my Facebook account, online banking and everything else I accessed on the internet. Did no one know "John's" Facebook password and that's why the account lives on in his absence? Was someone controlling his account and as yet are unable to let go?
A new part of estate planning is to advise clients about protecting their digital assets and their digital presence. When thinking about your online and digital presence, consider your bank accounts, shopping sites, credit cards, loans, bills, blogs, website, to name just a few. It may be a good idea to entrust a loved one with your important passwords and instructions on what to do in the event of your death.
Think about your digital presence and whether you should provide information to a trusted individual...or not.
Kate Fletcher is an attorney located in Richmond, Virginia