Your estate consists of much more than your money, real estate, and personal property. Digital assets are becoming increasingly important. Digital assets are files and data stored in an electronic format. Some digital assets have economic value, such as monetized blogs and ITunes accounts. Other assets have a great deal of sentimental value, such as family photos.
Digital assets often become inaccessible after a person dies. Accounts that require a password to log in can become impossible to access. In addition, some sites delete accounts that have been idle for a certain period of time, which can result in the loss of digital assets forever.
Estate planning documents should include instructions to let trustees and agents know how to manage your digital assets. This may include deleting private emails, shutting down certain social media accounts, or posting a goodbye post on your blog.
Review your estate plan to ensure that your digital assets will be managed according to your wishes.
Reference: Dealing With Digital Assets And Social Media Accounts In Estate Planning