At some point in your life, you will likely have assets and investments that you need to make arrangements for in the event of your passing.
You may also have children, spouses or other loved ones who need to be looked after if something happens to you.
And at some point, you may need to care for a spouse or close family member, or put their affairs in order after they pass on.
Nothing can spare us the heartache of these life events, but you can prevent unnecessary difficulties and stress by planning ahead.
When preparing a will, many of us focus on our monetary and physical assets.
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But what about social media accounts?
Or email addresses?
Or the myriad of online accounts we use to manage our lives, every day?
Making a “digital will” that includes passwords and other important digital details will go a long way in helping those who need to settle your affairs, or in helping you if you need to settle the affairs of others.
Who Needs a Digital Will
We all arguably need a digital will.
So much of our lives are now managed online.
Whether it’s online banking, paying bills and the mortgage, managing investments, or even just socializing with family and friends, we have countless online accounts that we use to go online every day.
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Source: Preparing a Digital Will for Your Passwords | The LastPass Blog
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