Most of us continue to see growth in our online presence. From email accounts and social media to online banking, photos, passwords, and even cryptocurrency, these digital assets can become some of the most valuable or problematic elements of an estate plan.
Without clear instructions and the proper legal provisions, your trustee or executor may face delays, frustration, or even be unable to access important accounts after your death.
In this episode of The Millionaire Insider® Podcast, I interview Susan Swinehart about what happens to your digital life when you die. We discuss how to plan for access to your digital assets, how current laws may affect your heirs, and practical steps you can take now to make the process easier for the people you love.
The Millionaire Insider® Podcast: “Choosing the Right Trustee”
In this episode, you will learn:
>> (1:52) What counts as a digital asset—and why it matters to your estate plan
>> (3:07) The critical steps that can help your heirs access your phone after your death
>> (5:21) How the Revised Uniform Fiduciary Access to Digital Assets Act may affect your estate plan and heirs
>> (6:10) Which estate planning documents should address digital asset access—including one that is often overlooked
>> (9:18) Five digital planning strategies that can make the process easier for your family
>> (16:37) The steps you can take now to help your trustee, executor, and professional team
>> (23:15) Additional ways to help protect and provide access to your digital assets and data
Conclusion – “Choosing the Right Trustee”
Your estate plan may cover your home, investments, and financial accounts. But what about the digital life you have spent years building? Without a plan, valuable information, sentimental photographs, and even financial assets can become difficult or impossible for your loved ones to access.
A little preparation today can make an enormous difference later. By organizing your digital assets, documenting access appropriately, and coordinating the details with your estate, financial, legal, and tax planning, you can make it easier for the people you trust to carry out your wishes. You’ll also give yourself and your family greater peace of mind.
Enjoy the episode!
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Disclosure
The Millionaire Insider® copyrights all materials and intellectual property.
This information is for educational purposes only. It is not intended to replace the advice of any advisor or specialist, nor to provide investment, financial, tax, retirement, planning, or healthcare advice.
Always consult with a qualified professional before making any financial decisions or changes.
To creating a financially secure life you love,
Annette
