Digital inheritance is becoming increasingly important in the modern world as more and more of our important data and documents are held in digital format. From social media accounts to cryptocurrency wallets, digital inheritance can help ensure that your digital assets will be passed on to the right people when you die.
Creating a digital inheritance now can help you provide for your family and loved ones when you are no longer there, making sure that your digital assets are handled according to your wishes. It can also save time and money for your family members, who won’t have to search for or manage your digital assets after you pass away.
1. Security
You can protect your digital inheritance with strong passwords, two-factor authentication, and encryption. At the same time, you make sure that if anything happens to you, your family will be aware of your assets and know where they can be found and how to access them.
All you’ve worked for will go to your loved ones, not to intermediaries.
2. Control
You can guarantee that your digital assets are properly distributed to the designated beneficiaries without needing to wait for a planned meeting with your estate planner or have them fall under the umbrella of the “catch-all” clause of your will. Digital inheritance allows you to determine which details are shared, with whom and when.
For those who are not familiar with the phrase “catch-all,” here is a brief explanation.
A catch-all clause is a provision in a will or estate plan that states that any assets or property not specifically mentioned in the document will pass to the named beneficiary. The clause is designed to make sure that no asset or property is overlooked or forgotten in the estate planning process. The catch-all clause should not be used as a substitute for specifically cataloging complex and dynamic digital assets and account information in one’s digital inheritance.
3. Flexibility
You have the flexibility to organize your important information so that your loved ones are prepared for whatever may come.
You can easily update your digital inheritance at any time to include new assets, add online account access information, or change beneficiaries or trustees.
4. Convenience
You and your closest ones can access your digital inheritance from anywhere, anytime, 24/7.
This makes it much easier to ensure that your family and loved ones have access to all your digital assets and important family information in the event of unforeseen circumstances.
5. Cost Savings
You can save money by avoiding the costs associated with traditional estate planning methods.
But you’ll also save your loved ones a lot more money by enhancing communication and transparency around your legacy. So often, the matters related to someone’s legacy aren’t even mentioned until they pass away, and then it’s a scrabble to sort everything out. (Heirs don’t wish to be seen as materialistic or grasping.)
Don’t wait! Create your digital inheritance now.
It is an important step to ensuring that your legacy lives on after you are gone. By taking the time to document your digital footprint now, you can make sure that your digital legacy is secure, organized, and accessible to your loved ones.
With DGLegacy, you can ensure that your digital legacy is preserved for years to come.
Better 5 years earlier than 5 minutes later.
