Digital assets on death
In recent times and particularly since the Covid 19 pandemic, our lives have become more digital. Even for those of us who are not technologically advanced, most people will have some form of digital assets. This may be something as simple as photographs on your mobile phone. Gone are the days of a physical photo album, instead, our memories are on a stored phone, tablet or PC.
Whilst many people are aware of the importance of making a Will, digital assets are often overlooked. Your “digital legacy” must be protected for your loved ones in the same way as your physical and financial assets. Your photographs, videos, social media, email accounts and cryptocurrencies should all be considered when making a Will. And like a Will, everything should be kept up to date.
Often, there are settings on digital accounts, including certain social media accounts, which can provide for your trusted loved ones to access accounts when you die. Updating these settings can be quick and straightforward. You may also want to consider sharing sentimental photos and videos with loved ones now.
To protect your digital legacy and discuss your Will and estate planning, please speak to one of our private client team who will be very happy to help.
Angela Ireland is a chartered legal executive in the private client team at Barker Gotelee, Ipswich Solicitors.