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Thursday, March 21, 2013
Is Facebook Part of Your Estate? — How to Pass Digital Assets to the Next Generation

When you begin creating or updating your estate plan, you’ll likely spend the bulk of your time on these two points: determining which assets you have and deciding which people and charities will receive these items after your lifetime. But have you given a thought to your online legacy and passing on your digital assets?

Management Tips
Digital assets include files and information stored in online accounts (like e-mail), domain names, online storage accounts and various social network sites. To help you gain some control over these assets, consider these helpful tips:
  • Identify all of your online assets – email, Facebook, PayPal, bank accounts, etc.
  • List the usernames, passwords, and security questions and answers, along with the accounts, on a computer spreadsheet that can be easily updated. The list should be stored on a USB flash drive or CD or printed and placed in a safe location such as a fireproof safe or safe-deposit box.
  • Share the location of your list with a trusted person, such as your spouse or a loyal friend.
  • Meet with an estate planning attorney to create a plan that will allow for easy transfer of your digital estate to your heirs.
© The Stelter Company
The information in this publication is not intended as legal advice. For legal advice, please consult an attorney. Figures cited in examples are for hypothetical purposes only and are subject to change. References to estate and income taxes include federal taxes only. State income/estate taxes or state law may impact your results.

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