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Another 40 Reasons Why You Shouldn’t Bother With A Digital Asset Plan

As a follow up to my Top 10 Reasons Not To Have A Digital Asset Plan, here’s another 40 reasons to get you thinking:

  1. You have scanned all of your important documents and they easily available to your designated person
  2. You have copies of all important documents in a safe deposit box, on a computer, in the cloud, and backed up to a physical device
  3. You know what documents your online service provider will require in order to comply with your wishes regarding your digital assets
  4. You have decided which accounts and information you don’t want anyone to access, and have clearly conveyed those wishes to someone to follow your directives
  5. You have decided which accounts and information that you do want someone to access and have clearly conveyed those directions to the proper person
  6. You have filled out a digital asset consent form and left it with your attorney for safekeeping
  7. You have added specific language in a Power of Attorney granting specific authority to someone to access your online accounts and digital assets
  8. You have backup copies of every single digital family video and photograph that you possess
  9. You have opted into the online tools for all of your social media accounts, or specifically opted out
  10. You have made a list of all the Q&A security questions for your accounts and included that information in your digital asset inventory
  11. You know which of your accounts use multi-factor authentication
  12. Your designated person knows which device or devices he/she will need for multi-factor authentication, where they are located, and how to access each
  13. Your designated person knows the location of every one of your physical devices and how to access them
  14. Your designated person will have the necessary legal documents in place to make sure your service provider complies with your wishes
  15. Your designated person has a list of every single bill which you receive online and knows who to contact to cancel
  16. Your designated person knows, or will have, a list of every single social network, and email account that you use
  17. Your designated person knows which of your accounts have credit card information stored online and will know how to access to delete
  18. Your designated person knows that procedure to close accounts that you want to close after you die
  19. Your designated person knows which accounts they can/cannot access
  20. Your designated person knows how to access the data on your devices protected by a fingerprint scanner
  21. You are familiar with UFADDA
  22. You are familiar with RUFADDA
  23. You know whether or not your State has a version of RUFADDA on the books
  24. If your State laws cover digital assets, you know the difference between a “catalogue” and “content”
  25. You know the circumstances under which an online provider does not have to disclose your digital information
  26. You know the value of your online and digital assets – domain names, frequent flier accounts, bitcoin, paypal, etc.
  27. Facebook knows that you want a memorial account set up after you die/or not
  28. You understand that you’re subject to every click-through agreement you consent to
  29. You have set up designated beneficiaries, or pass on death rules for all of your financial accounts
  30. You have considered using a digital afterlife account,
  31. If you use a digital afterlife account, you still have backups of everything you’ve stored there
  32. You have a physical backup plan for all of your digital assets in the cloud
  33. You know the difference between a cloud service and a physical backup, and why and when you should use one, the other, or both
  34. Your inventory lists every username, password account
  35. You already know you need to update your digital asset inventory whenever you make any changes to your accounts
  36. You know why you should and should not store your password inventory in your safe deposit box
  37. You know what a click-through agreement is, and that you are bound to its terms
  38. You know how your State defines a digital asset, or whether your State even has a legal definition
  39. You already have a plan for making sure your executor will know exactly what digital assets you have, and how you want those assets managed when you are gone
  40. You conduct annual reviews of your digital footprint, and adjust as necessary

Contact me if you’d like to know more about how you can create a digital asset plan, or how you can learn more about protecting your digital legacy.

Photo courtesy of Pixabay
2017-01-09T18:55:49+00:00 January 8th, 2017|Digital Assets, Digital Security, Estate Planning, Financial|