When to use Digital Assets Addendum to Will
Do you already have a legally enforceable will filed away? Does your will include instructions for how your online accounts, cloud-based property and other digital assets should be managed in the wake of your death? This document will help you to ensure that your wishes regarding your online accounts and digital assets are both clearly articulated and legally enforceable so that they can be managed properly in the event of your death. Once you have explained your wishes in detail, you can use this form to modify your existing will/estate plan without having to overhaul your existing documents entirely.
It is important to make a list of each of your digital assets. Depending on your online presence, this could take some time. A “digital asset” can be any valuable online presence that you have control over. Examples of digital assets include social media accounts, bank accounts, intellectual property stored online, digital currency and other unique online domains and logins. You can then determine who you will and will not entrust access to these digital assets once you can no longer manage them yourself. You can make your wishes as general or as specific as you like.
Once you have articulated your wishes regarding how you wish these assets to be managed (and by whom), you can leave login information related to accessing those assets. This information can be updated as frequently as is necessary. As the treatment of digital assets under the law is currently evolving at a rapid rate, do not hesitate to connect with an attorney if you have any questions about how to update your estate plan in regards to your digital property and interests.
Digital Assets Addendum to Will
Digital Media Codicil to Will
Digital Assets Estate Plan Addendum
Digital Asset Estate Plan Update