Have you already written your Estate Will? Does it include your digital legacy? Well, many people don’t because they don’t know much about it.
This is where I come in- To tell you all about what is a digital legacy.
A digital legacy is an online or digital information about someone when they die. Since the online world is also a part of life, you shouldn’t think of it as a trivial thing. In fact, ignoring digital legacy can cause problems for your family. How? I’m describing it later.
In this guide, I’m discussing which things are a part of digital legacy, why it is important, and how you can make one. So, stick with me till the end.
What Is Included In Digital Legacy?
Our digital assets are part of ourselves, and their information is known as a digital legacy.
The things that involve digital legacy are:
- Social Media Accounts (Instagram, Snapchat, Tik Tok, Facebook, etc.)
- Your Online Investments
- Utility accounts and subscriptions
- Personal files uploaded on online storage platforms (like iCloud, Google Photos, etc.)
- Amazon, eBay, Walmart, or any other account on shopping sites/ e-commerce platforms.
All of these things come under digital legacy.
Why Is Digital Legacy Important?
Digital legacy is crucial now because you give access to your digital information to your family after your death. It is super hard (and illegal in many states) to break into the accounts of a deceased family member. In this situation, all of your important files, digital assets, and accounts will go in vain.
So, it is really important you plan your digital legacy so that those who are close to you don’t go through a lot of trouble after your death.
But there’s more to it.
The best thing about digital legacy is that you can specify which accounts the Executor can get access to and which ones are prohibited by you.
You can also write in your digital legacy to delete any social media account or page you have after you die.
Now, let’s have a look at how you can make your digital legacy.
How To Make a Digital Legacy a Part Of Your Planning?
To make DL part of your planning, follow these easy four steps:
1. Create a List
The first thing you should do when you decide to make a DL a part of your planning is to create a list of your online accounts, investments, emails, pages, groups, community, and anything that matters to you.
2. Make Decisions
After making a list, the next thing to do is to make decisions about the components you wrote. For example, you can decide whether to cancel subscriptions (of Netflix, amazon prime, etc.), delete any social media account or page, appoint an heir to your digital asset, etc.
3. Nominate a Digital Executor
A digital executor is a person who carries out all the decisions you have made about your DL and assets. You should make your most trusted friend or family member for this.
4. Legalize it
You should include your DL plan as a part of your Will. Some say don’t do it because Will is made public, and all of your sensitive online information might get out. But this thing can be avoided if you use a long password that is a mixture of a number of things (letters, numbers, symbols, etc.) for every account. You should also use a different password for every account you have.
In addition to this, you should make sure that the assets you own are also legitimized and you have paid taxes on them (otherwise, things will become more complicated after your death).
That’s all you need to know!
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