A well constructed estate plan will leave behind a turnkey situation for the surviving family members. If you want to be comprehensively prepared, you need to consider every detail. With this in mind, we will look at digital estate planning in this blog post.
More Than Documents
Creating documents is part of the process when you plan your estate. At the same time, someone has to examine the wishes that you leave behind in the documents and bring them to fruition after your passing. You have to make sure that this representative has access to all relevant information, and this will go beyond the location of your estate planning documents and other hard copy material.
You would be hard-pressed to find someone who doesn’t spend a significant amount of time online at this point, and many people conduct business online. It is possible to do your banking on the Internet, your stock trading can be done digitally, and you can even run a profitable business online.
When you are preparing materials for your estate representative, you should inventory all of your online activity that is relevant to make sure that your representative has the appropriate access information. If you are not sure about how things are handled, you could contact the financial institutions that you do business with to obtain the facts.
Business matters are part of the equation, but many people socialize on the Internet as well. If you have a personal blog, you should let the representative know how you want it to be dealt with after you are gone. The same thing is true with your social network accounts.
Facebook allows users to memorialize accounts. If you go this route, your account will continue to exist after you are gone, and your existing friends can leave comments on your timeline to share memories and pay tribute. However, there would be no further posts to your account.
These are a handful of things to think about, but you get the idea. You should take stock of your online interactions and make sure that your representative is aware of things that are relevant to the administration of your estate.
Build On Your Knowledge
There is a lot to absorb when you are engaged in your estate planning efforts. If you would like to obtain detailed information on many different estate planning and elder care topics, we invite you to explore our electronic library of special reports.
These reports contain in-depth information, but they are specifically designed to be understandable to people who don’t know a lot about estate planning at present.
The reports are free, so there is no risk involved. You can visit this page to take a look at the reports that are available to you: Free Estate Planning and Elder Care Reports.