When to use Social Media Will
Americans are increasingly storing intellectual property online, investing in digital currency and otherwise “housing” assets in electronic formats. As a result, it is now important for adults to include a social media will and other digital estate planning terms in their estate planning documents. What exactly is a social media will? Like a general will, this document will help you to articulate your wishes regarding your accounts and assets so that they can be managed properly in the event of your death. However, this document is more specialized than a general will. It allows you to specifically and explicitly instruct those invested in your estate as to how they should handle your social media accounts and other relevant digital accounts and assets after you can no longer control them yourself.
It is important to think through who you can trust (and who you cannot trust) with access to the information you have stored on social media and other digital accounts. Once you know how you would like your accounts to be managed, you can leave information regarding how to go about accessing those accounts and instructing any designated persons as to what they may and may not do with that access. It may make sense to designate a “digital executor” whom you can entrust with the authority to manage your digital estate as a whole.
The area of law that governs estate planning/estate management is rapidly evolving as digital assets become increasingly relevant. Please do not hesitate to speak with an attorney if you have any questions about constructing, modifying or managing a digital estate plan and/or social media will.
Digital Media Will
Digital Estate Plan