In our increasingly digital world, digital assets are adding up…the average digital user (like you) has an estimated $35,000 in digital assets
Digital assets include purchased movies, music, games, digital photos, communications and social media profiles including blogs like this. Many of these digital accounts can be subject to complicated terms of service agreements, which can make it frustrating or impossible for loved ones to access. Depending on where you live, such terms of service agreements might even put loved ones in legal trouble related to anti-hacking or privacy statutes, if they try to log on to your accounts after you die.
Estate Plans for Digital Assets are becoming more critical
That’s why it’s important to include detailed directions and information about your digital assets into your estate plan and save those instructions somewhere safe (LegacyTracker provides a spot for that)
An estimated 30M Facebook users died in the first 8 years of Facebook alone
A good visual guide about what happens to your social media profiles after death comes by way of Dan Shaffer at WebpageFX
The world is changing and this guide is not a definitive answer in all cases. Clearly, Different Sites / Different Rules / Different Data & Different Documentation is accumulated & required after death of you or a loved one.
Here’s some more Facebook Trivia: with 1 billion users already using Facebook, in the unlikely event that growth stopped on Facebook completely, it’s estimated that the number of deceased users would outnumber those living by 2065. If Facebook continues to grow and memorialized accounts are never removed, then deceased users will exceed living users by 2130.
LegacyTracker can help you organize & safeguard important information about your digital assets -in life and death