What is digital estate planning?
Today just about everything in life- be it shopping, banking, investing, or even socializing, happens online. So, what happens to your digital assets after you die, if you are incapacitated, or when you’re no longer able to manage them? That’s where digital estate planning comes in.
New York has laws that provide for the administration of digital assets in the event of your incapacity or death. The Revised Uniform Fiduciary Access to Digital Assets Act (RUFADDA) authorizes your Executor, Trustee, or other designated person, to access and disclose digital assets to authorized recipients or fiduciaries as directed in your plan.
What is a digital estate?
A digital asset may be anything that remains generally on the web. A digital asset may be something that can bought, traded, or sold online. This can include anything from web domains, blogs, articles, online art, logos, or any online businesses.
A digital asset may also include your personal email accounts, google drives, online banking accounts, social media accounts (like Tiktok, Instagram, Twitter, Facebook, LinkedIn, and etc.), your cloud based storage account (like Dropbox, icloud, and etc), photo accounts, spreadsheets, online art, logo, and other managed websites.
Create your digital estate plan today.
Preparing a digital estate plan not only ensures your online legacy is preserved but proper planning also eases the burden on your loved ones during a difficult time. If you’re looking to create a digital estate plan or wish to discuss updates to your current plan, our elder law attorneys are here to guide you through the process. To schedule a consultation with our law firm, please feel free to contact us.
