Have you ever asked yourself the question about what will happen to your Facebook, Instagram, Twitter, Netflix, or Gmail accounts once you are no longer around?
While experts urge everyone to use a robust password to secure your digital assets, no one is asking what will happen when you are no longer around.
If you were wondering what Digital assets are and why I should worry about it, then now you should know. Digital assent is any valuable content or information you have stored on the internet. An online account like google drive, Netflix account, Facebook, Twitter, Snapchat, PayPal, digital currency, email, website, photos, or videos with sentimental value.
Why is it important?
These days the internet became a part of daily routine that almost everything is managed through a website account or an app. We pay a telephone subscription, uber, health insurance, etc.
What are the solutions for your digital assets?
If you care about your digital assets, one of the most effective solutions is to transfer access to your heirs. But the transferring process must start with listing all your accounts, including the access code of the telephone because of the two-step authentication that goes through text message. This information will allow your loved one to act in accordance with your wishes.
Digital inheritance these days has become critical as physical assets. Some platforms offer options for deleting the account, while others allow for changing the profile into a memorial account. Express your wishes ahead of time will help your loved ones when you are no longer around.
Although in the US, digital assets laws make it a criminal offense for a spouse or relative to access email or other online accounts of the user. Facebook, Twitter, Instagram, LinkedIn, google offering the possibility of memorializing, deleting account archives or have sent them in DVD format.
So, now you know that you need plan and share the details of your entire digital assets with your heirs through a clearly defined Will, or they may remain locked forever.
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