BeforeWhat Digital Assets Can You Leave in Your Will?

What Digital Assets Can You Leave in Your Will?

What Digital Assets Can You Leave in Your Will?

What Digital Assets Can You Leave in Your Will?

What Digital Assets Can You Leave in Your Will?

BeforeWhat Digital Assets Can You Leave in Your Will?

What Digital Assets Can You Leave in Your Will?

What Digital Assets Can You Leave in Your Will?

What Digital Assets Can You Leave in Your Will?

What Digital Assets Can You Leave in Your Will?

What Digital Assets Can You Leave in Your Will?

What Digital Assets Can You Leave in Your Will?

What Digital Assets Can You Leave in Your Will?

What Digital Assets Can You Leave in Your Will?

What Digital Assets Can You Leave in Your Will?

What Digital Assets Can You Leave in Your Will?

Digitalization has transformed our everyday life, and even the assets that we traditionally held as valuable have become digital! The average global citizen owns digital assets worth more than USD 50,000. These could include monetary, as well as sentimental possessions like subscriptions, online banking, cryptocurrency wallet, social media and email accounts, digital wallets, laptops, and hard drives to name a few.

But have you wondered what happens to all of this when someone passes away

Loved ones would want to be able to access this information. Not being able to do so can subject them to financial and emotional burden at one of the most difficult times of their life. Plus, accounts of deceased people are most susceptible to hacking, making it even harder on your loved ones to protect your digital assets. 

Fortunately, this is avoidable

Creating a will for your online accounts allows you to leave your digital assets through your will. However, it is important to note that not all your digital assets can be passed through a will.

Digital assets that can pass through your will include everything you own with monetary value attached to it:

  • Cryptocurrency
  • Funds in digital wallets
  • Funds you’re owed from online ecommerce accounts 
  • Intellectual property like domain names (check licensing agreements) 
  • Your photos and music stored on computer’s hard drives

Most of your digital assets cannot be passed on through your will. It is recommended that you go through each company’s legacy policies before you draft your will. This can help you gain a better idea on what you wish to do with each asset.

Here’s some accounts that cannot pass through your will – 

  • Mailing accounts
  • Social media accounts
  • tax or financial software 
  • Intellectual property like domain names (check licensing agreements)
  • Subscription accounts like Netflix and Spotify 

Making a list of all your digital assets and then categorizing them based on whether or not you can leave them in your will is a great place to start with. For accounts that you cannot pass on, a digital will can help you leave instructions on what should happen to them.

Create a will for your online accounts using Clocr’s legally-compliant legacy planning platform!

What Digital Assets Can You Leave in Your Will?

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Post TitleWhat Digital Assets Can You Leave in Your Will?

What Digital Assets Can You Leave in Your Will?

BeforeWhat Digital Assets Can You Leave in Your Will?

What Digital Assets Can You Leave in Your Will?

What Digital Assets Can You Leave in Your Will?

What Digital Assets Can You Leave in Your Will?