Computers have flatly revolutionized much in our 21st-century world, including how billions of people structure and organize their personal lives.
Skyping proceeded from sheer novelty to normalcy years ago. Today’s learning curve surrounding the capabilities of smartphones is seemingly endless. Many individuals creatively use online platforms to command massive global followings. We bank online. We “friend” and “unfriend” online. Some of us transact with cryptocurrencies.
The so-called “digital universe” is vast and seemingly unlimited, and it is something that affects huge numbers of us in our daily lives.
And also following our deaths.
Just think about that for a moment. Scores of millions – again, perhaps billions of people – have various types of digital assets stored online and on various devices. A recent Forbes article on such property notes its tremendous expansiveness, ranging from email accounts, websites, proprietary software and credit card/airline reward points to blog posts, Facebook information, online photos and much more.
What happens to that after you pass away? Who can access it? Who has the right to manage it? How susceptible is it to hacking and theft or abuse?
Those are not easy questions to answer in any boilerplate fashion. Digital assets are highly personalized, with account owners taking widely varied steps to protect them and have them managed far into the future.
Of course, and given human nature, many people have done … nothing.
That latter strategy (if it can be termed as such) is risky and an almost certain shot in the foot from an estate planning perspective.
Many individuals and families in Ohio and elsewhere understandably have questions or concerns regarding online assets and how they might be smartly dealt with in a well-tailored estate plan. A proven estate administration attorney can help them focus upon sound digital asset management and planning.