Thorough digital legacy planning helps you ensure that your loved ones are secure even after your death. It is the legal and sureshot way to pass on your financial and digital assets. It guarantees that your beneficiaries do not face any issues in this regard.
Here are a few more benefits of creating a comprehensive legacy plan –
It takes care of family even after you’re gone
Preparing a digital legacy plan gives you power over what you wish to do with your assets, both tangible and intangible, even after you’re gone. Without a will, however, your assets will have to comply with intestacy guidelines.
It helps you stay ahead
Digital Legacy planning encourages you to prepare for any unexpected events. The plan can include your will, contact details, bank accounts, social media accounts, cryptocurrency, photographs and videos, etc. This allows your friends and family to access all they need to fulfill your wishes and cherish your memories.
It minimizes the tax burden for beneficiaries
Digital Legacy planning helps you ensure your beneficiaries receive the maximum value from the assets that you wish to pass on. It is suggested that you consult a financial advisor to ensure you make the most efficient decisions.
It makes it easy for the family
A successful digital legacy planning equals a content you and a content family. In the presence of a legacy plan, your family and friends can have a relatively simpler time fulfilling your wishes while mourning your absence, and even living a happy life long after you’re gone.