Blog: Digital Assets: What Happens to Your Online Accounts?
By: Alex R. Flaten
INTRODUCTION
In today’s digital world, many of our most valuable assets and memories exist online. From social media profiles and email accounts to online banking and cryptocurrency, digital assets have become an important part of everyday life. However, many people overlook these assets when creating an estate plan.
Without proper planning, loved ones may face significant challenges trying to access or manage online accounts after someone passes away.
WHAT ARE DIGITAL ASSETS?
Digital assets include any online account or electronically stored information you own or control. Common examples include:
Email accounts
Social media profiles such as Facebook, Instagram, or LinkedIn
Online banking and investment accounts
Digital photos and cloud storage
Subscription services and reward programs
Cryptocurrency and digital wallets
Websites, blogs, or online businesses
Some digital assets may have financial value, while others hold sentimental importance for family members.
WHY PLANNING MATTERS
Many online platforms have strict privacy and security policies that can make it difficult for family members to gain access to accounts after death. Even if loved ones know an account exists, they may not have the legal authority or login information needed to manage it.
Without a plan in place, important documents, cherished photos, or financial assets could become inaccessible or permanently lost.
By addressing digital assets in your estate plan, you can help ensure your wishes are followed and reduce stress for your family during a difficult time.
STEPS YOU CAN TAKE
A few simple steps can make a big difference:
Create a secure inventory of your online accounts
Store usernames and passwords in a safe location
Identify which accounts should be closed, transferred, or preserved
Name a trusted person to manage your digital assets
Update your estate planning documents to include digital asset authority
It is also important to review and update your information regularly as accounts and passwords change over time.
PROTECTING YOUR DIGITAL LEGACY
Estate planning is no longer limited to physical property. Your online presence is part of your legacy, and planning ahead can help protect both financial assets and personal memories.
Taking the time to organize your digital assets today can provide clarity, security, and peace of mind for your loved ones in the future.
HOW CAN JENNRICH LAW HELP?
At Jennrich Law, we help individuals and families create estate plans that address both traditional and digital assets. Whether you need to update an existing plan or create one for the first time, our team can help ensure your wishes are clearly documented and your loved ones are protected. Contact Jennrich Law today to learn more about how thoughtful estate planning can help secure your legacy—both online and offline.
