Digital Planning: Communicate Relevant Information
Estate planning in the digital age is going to require communicating relevant information to your
executor or personal representative.
These days a lot of people conduct a significant amount of business online. Indeed, some individuals
take care of just about everything over the Internet and it can be quite efficient to handle your affairs
Banking can be done online, and many people are managing their investment accounts on the Internet
as well. Every creditor would like to see you making digital payments and receiving digital statements
so you may pay all or most of your bills online.
Back in the day people would leave behind keys to lock boxes or filing cabinets that would contain
hard copy information, but these days passwords and user names are the necessary keys that must be
passed along to your trusted representative.
In addition to financial accounts you may also have social network identities. Virtually everyone has a
Facebook page, and you can leave behind instructions to have your page memorialized.
Your representative simply contacts Facebook to make them aware of your passing and your page will
be memorialized. This entails allowing existing friends and family to post their thoughts while
removing the page from search results and precluding anyone who was not a friend at the time of
your passing from accessing the page.
If you conduct an inventory of all of your digital accounts and leave behind relevant instructions you
will be making things easy for your representative, and as a result the administration of your estate
should go quite smoothly.
Experienced estate planning attorneys Cleveland OH of The O'Brien Law Firm LLC offers estate
planning and business planning resources to residents of Cleveland OH. To learn more about these
free resources, please visit www.obrienlaw.net/ today.