- Do we realize how social media plays a part in our lives each and every day?
- Have you ever lost your iPhone and did you go into a state of panic?
- Have you ever taken the time to read the service agreement each time you sign up with a new social media provider or have you done what most of us have done and just click on the accept button?
- Would it not make sense to have a uniform approach to obtaining access to each of the accounts when someone dies?
- How do we find a balance when you die, between the rights of the estate and the privacy rights of those that you have engaged in conversation with on the various sites?
- Digital assets inventory - take an inventory of your digital assets.
- Awareness, Access and Wishes - for each asset ensure that your executor is aware of its existence, how to access the asset and what your wishes are.
- Creating your Plan - establish a plan to ensure your instructions are carried out.
- Draft the appropriate clause in your will - it will act as a reminder to your executor and provide some leverage with the service providers that your executor has the right to access the account.
Dealing with the loss of a loved is never easy and I hope that Maureen can put some closure on her own situation. If we can learn anything from her experience it is that there is a need, regardless of age, to address our digital assets and the digital footprint that we wish to leave behind.
Specific professional advice should be obtained prior to the implementation of any suggestion contained in this article. Contact your Crowe Soberman advisor for more information.