In today's digital era, our online life carries substantial value and it's increasingly vital to include digital assets in estate planning. Digital assets are elements of our personal and professional lives that exist online or in digital form. This includes email accounts, social media profiles, blogs, digital photos, online banking, and even cryptocurrency accounts. Just as we manage our physical assets, we also need to secure and manage these digital assets, especially when it comes to planning our wills.
Why Include Digital Assets in Estate Planning?
Digital assets often hold emotional, financial, or business value. For example, family photos stored digitally are emotionally priceless. Cryptocurrencies or online businesses can have significant monetary worth. In the absence of appropriate planning, these assets may become inaccessible after our demise. Planning ensures that loved ones can access and manage these assets, respecting your wishes and potentially saving them additional grief and trouble.
Incorporating Digital Assets into Your Will
To ensure that your digital assets are managed according to your wishes, consider adding them to your will. First, create a comprehensive list of your digital assets along with their access details. These details could be stored securely with a digital estate planning service or in a secured physical location. Nominate a digital executor who can manage these assets upon your passing. Just like with physical assets, you can decide who should inherit each digital asset.
It's important to review and update this information periodically, as passwords change and new accounts are added. If you're unsure how to start this process, consider seeking advice from an estate planning attorney who can guide you through it.
Georgia Laws and Digital Assets
In Georgia, the laws around digital assets are developing but they remain complex. It's important to understand these laws when considering digital assets in your estate planning. An estate planning attorney can ensure that your digital assets are included in your will and handled in compliance with the current legislation in Georgia.
Contact Peach State Wills & Trusts for Your Digital Estate Needs
Planning your digital estate may seem overwhelming, but with the right guidance and tools, it can be a straightforward part of your overall estate planning. At Peach State Wills & Trusts, we understand the value of digital assets and can help you ensure that they're included in your will. Contact us at 678-344-5342 to learn how to plan for your digital estate in Georgia today.
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