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3 Ways To Organize Your Digital Assets Before Death

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We make a will so that our possessions can be passed on. But a will only includes what happens to our physical assets. In the 21st century, everything is becoming digital. From shopping to socializing and even ordering food, everything can be done digitally. But no one actually thinks about what happens to these Digital Assets such as your accounts once you pass away. 

By organizing your Digital Assets, you reduce the hassle your loved ones will have to go through when trying to access them following your death. If you don’t take the necessary steps to secure them, they could be lost forever along with you. So you know why you should secure your Digital Assets, but how exactly do you go about doing it? Here are some pointers to get you started.

1. Creating A Digital Vault

A vault is something you use to store valuables. A digital vault is similar in that it can be used to store your important Digital Assets. This can include anything from personal images and videos to important documents like mortgage documents, and credit cards.

By using digital vaults such as the one offered by Clocr, you can store these precious Digital Assets. By gathering all your important assets in one place, it becomes easier to access them on the go. Users can also assign a ‘deputy’ who is the other person who has access to the information inside your digital vault. So when you pass away, you can have the deputy pass on the necessary Digital Assets in your vault to your loved ones.

2. Using A Password Manager

With every service needing an account, and subsequently a password, it’s easy to lose track of what passwords you use for your numerous accounts. It isn’t advised to use the same password everywhere either. 

By using a password management tool, not only can you keep track of your passwords, but they can also help in creating stronger passwords for you.

These tools are also versatile in that they can handle a variety of functions, from naming a legacy contact, to automatically deleting your accounts if they remain inactive for a certain period of time.

It is also important that the ‘executor’ for your digital estate plan should also know how to access them following your death. 

3. Making Use Of A Digital Estate Plan

Despite the digital age we live in, people remain skeptical when it comes to securing their Digital Assets. By anointing an executor who will carry out your digital will following your death, you can have them retrieve your Digital Assets, and also shut down the accounts that once hosted them. 

The accounts of the deceased are more prone to risks such as hacking due to their inactive nature. And since the owner of the account is no more, retrieving it becomes a tedious process. 

While making a Digital Estate Plan may seem unnecessary, it’s the best way to secure your Digital Assets for both your sake as well as that of your family. 

Despite replacing many of the physical assets that used to inhabit our lives, Digital Assets are yet to be given the same degree of importance. Most people have a will for their physical assets. But not many consider what will happen to their Digital Assets following their death or incapacitation.

Securing your Digital Assets is just as important as not only does it help in preserving them, but also frees your family from the troubles of trying to access your account following your death. 

Now that you know how you can organize your Digital Assets before death, create a Digital Estate Plan or a Digital Will to secure them.

Sign up with Clocr to get started with securing the Digital Assets that you’ve organized.