Your Social Media Platforms – what happens when you die?
Your Digital Estate Plan
Apart from the usual assets that you leave behind after your death, there exists a whole other range of assets of a digital nature that you may not have considered or made provision for after your death, and if left unchecked, could result in devastating consequences.
Typically upon death, a person’s estate will consist of various monetary assets, including bank accounts, immovable property, motor vehicles and insurance policies, etc. Ideally, all the important details of these accounts, assets and policies would be contained in a folder and stored in a safe place, with an executor or family member being able to easily locate it in order to wind up the estate.
Times have changed however, and many people choose to store this valuable information in digital format. Digital assets include, but are not limited to, email accounts, social media platforms (Facebook, Twitter, LinkedIn), blog posts, photo or music sharing accounts and digital purchases through eBay or Takealot.com.
This means that it may be difficult for those in charge of winding up the estate to locate the digital assets and close them or distribute them to the beneficiaries. In a worst case scenario, these assets may hold monetary value and may never be located and lost forever. Also, while digital music libraries and photo albums, for example, may not translate to a rand amount, for some they certainly hold sentimental value and their loss could be devastating.
In order to prevent this from happening, a digital estate plan can be created through which all digital accounts and information can be accessed and closed upon your death.
Abrahams & Gross can assist you in creating such a plan and putting into effect legal documents (Last Will & Testament, Codicil or Letter of Wishes, for example) which shall ensure that your intentions in this regard are carried out. Important questions to consider include:
- Who is to manage and have control over your digital estate? (make sure that this ‘digital executor’ is technologically savvy and has the right skills in this regard)
- How will your passwords be accessed after your death?
- What is to happen to the digital estate? (for instance whether digital accounts should be closed or digital devices cleared of their contents and whether printouts of accounts should be given to particular people)? and
- Who is to receive the digital estate, and in what form?
Therefore, in order to prevent your digital information from going missing forever, it is important to be proactive and ensure that it devolves according to your digital estate plan.
If you need more information or legal advice on the subject, please contact Abrahams & Gross Attorneys for assistance.
t. 021 422 1323 | e. firstname.lastname@example.org