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Hunting Season Novelist Nevada La Times Crossword - Social Media And Estate Planning Questions

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Make a list of your digital assets, including everything from hardware to social media accounts to online banking accounts to home utilities that you manage online. Sincerely, Joseph M. Lento, J. D. Estate Planning Attorney. Write down whether you'd like them to be continued, shut down, or if the platform allows, turned into a memorial account. Not only does this tool provide your executor access to your digital accounts, but it is also convenient for you to use when you are logging in online. Some of the most important issues to consider in your digital estate include: Passwords and Logins. These accounts may include your mortgage, utilities, bank accounts, retirement accounts, and life insurance, among others. If you are comfortable, you can always leave your login information in a will or other document accessible after your death so that an executor does not need to petition companies directly for access. Documents, photos, videos saved to a hard drive belong to the owner of the hard drive, but many social media sites take ownership of content that is uploaded to their servers. Do you want someone to be able to access your electronic devices so that all your photos and videos, taken over years, are available to your loved ones?

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You can always add to the list, she says, and in fact should make a habit of reviewing it every year. So much of our lives take place online, but we don't often think about what happens to our digital assets when we're no longer here to manage them. Software and other code. You don't want information about all of your digital assets and how to access them to be public. Many people have an iPhone or an Apple device; therefore, they have an Apple ID. Influencers get paid in various ways. You can provide in your will that any items that are currently for sale when you die will be left to your heirs, and they should be able to receive profits from sales. This means giving the person you trust the name of your attorney, the name of the online storage company you've used, or the location of keys or the combination to your safe. Identify who you want to handle these accounts upon your passing or incapacity. Identify and List: Identify all of your assets and make a list or keep statements where a loved one or legal representative knows where to find them. Here are some common examples of digital assets: Although it's important to address our digital assets as part of written estate planning, some online services and social media accounts are starting to develop their own rules about what happens to an account when the user die.

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Okay, so to use one example, how can I make sure that my family has access to, for example, my data or my photos that are either on my phone or may be stored in the cloud? Unlike, Twitter, a memorialized account stays in Facebook's system, and only confirmed friends of the deceased user can still interact with the decedent's wall. Perhaps you'd like to transfer digital assets to a family member in your digital will. How can you protect your digital assets? Another key issue involved in estate planning for social media influencers is to carefully protect and incorporate digital assets into the overall estate plan. San Diego, CA 92124. Digitally stored data may be encrypted, adding another layer of protection. Website domains and blogs.

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Google provides for an inactive account manager that you can use to provide access while you're incapable or after you die to your Google accounts. But that's only the first and easiest step in digital estate planning. Bills and invoices due.

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It can be a legally and technically complicated field, but it's increasingly very important. In the past, estate planning was traditionally designed as a folder of documents, often kept in a safety deposit box for the family to access after someone dies. The sheer volume of them, combined with the complexity of modern passwords, makes it hard to keep track of login information even for your own accounts. Do they need to continue because they are income producing? I tell clients to use a password manager because I think that's the best way to use robust passwords, not use the ones they list every year. Create a written digital estate plan that your family can rely on after you are gone. You can create a digital estate plan on your own, so it'll be up to you to decide if you need to speak with a legal or financial advisor about your digital property and what will happen to it when you die. "Today, so much of our lives happen online, and a lot of your life, whether it's your financial life or your personal life, is handled in these online accounts, " says Abby Schneiderman, co-founder and co-CEO of Everplans, an end-of-life digital planning app. Kristen offers several free women's estate planning and minor's guardianship guides on her website () and is available to speak to your group upon request. When you are incapacitated or die, this person receives access to all of your online accounts. Start by listing your digital assets so your loved ones know what you have and where they can find it. Many major tech companies, notably Apple and Amazon, use a single-user license. Should credits or points or cash values be redeemed?

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Work with legal representation to ensure your plans are legally binding and ready for your beneficiaries at the appropriate time. Make Personal Postings: Your content shouldn't always be Estate Planning related. On the Academy's Fan Page, the postings that gain the most comments are those that include photos. Digital Cheat Sheet: How To Create A Digital Estate Plan. Also, the person you choose as the executor of your traditional estate may not be well-versed in digital assets or comfortable with handling them. Encryption can scramble data in a particular location—in a single file, on a device, or in the cloud—so thoroughly that it is practically impossible for anyone without the proper passcode to unscramble it. There may also be limitations restricting the number of times you can burn the music to a CD. So, a good example is Google. "Domain names — I have probably 150 domain names.

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In your will, you can name beneficiaries for these digital assets in the same way you name beneficiaries for your physical assets. Cindy J. LeClaire is a part owner of Copyright Web Perseverance, Inc. Disclaimer: While every effort has been made to ensure the accuracy of this publication, it is not intended to provide legal advice as individual situations will differ and should be discussed with an expert and/or specific technical or legal advice on the information provided and related topics, please contact the author. Websites and domain names. That could be by giving a fiduciary written access to it. The executor has the responsibility of handling debts and distributing the remaining tangible assets to the beneficiaries. You hold these accounts only by a license, based on your contract with the company that offers the accounts. You'll want to choose this person carefully, making sure that you pick a person who you can trust and who is capable of carrying out the necessary duties. "Some companies provide easy access, " says Beis.

Estate Planning Social Media Posts

"Planning for [your digital estate] is very similar to planning for physical and monetary assets, " says Shah. If you have any inactive accounts, still include them in your estate plan. When you die, your Will becomes a public document, which means that anyone can read it—including any sensitive information it may contain. Additionally, many websites automatically delete accounts that have not been used in a set period of time, usually 90 days or a year.

This is important, because the best security policy now is to require two-factor authorization for online accounts. Forgetting to handle your digital estate would be like leaving photos, heirlooms and stock certificates to languish in a forgotten storage unit. By creating a digital estate plan, you can help your family more easily: - Locate any accounts you have online. Nowadays, everyone is looking for "Social Proof" before they go out and spend their money.

Write down a complete list of all websites and digital tools you use on your computer and phone. Some digital assets can't be transferred, for example, based on the terms you agreed to when you opened the account. With sites like Facebook, Yelp, and other review sites it is easy to find that proof. If you own a website, you can ask your executor to transfer the license to someone else, or they can keep paying for the license to keep the domain online and accessible. You can ask your executor to post a status update or message on your account about your death, or you can have them go through it to delete certain posts that you do not want others to see. For now, he thinks they will be treated similarly to cryptocurrency, in that there's a digital coin or token that has to be passed to someone after your death. "You have [digital] photographs, you have videos, " Schneiderman says. Often, this list needs ongoing maintenance as you remember other websites to add. Instead, share that information with a lawyer or a trusted friend, Ullman says. Your will may become public at some point after your death, so be careful that you don't include any passwords or account details there.

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