You need to have a digital will and testament. Nobody likes to think about their last will and testament but the reality is that your will is probably single most important financial document you will ever sign. It is critical that your will also deals with all aspects of your life especially your digital life.
Almost every aspect of our lives is either conducted or recorded in the digital realm. Therefore, it is necessary to take account of this in your will with a digital will and testament. We all have passwords for internet banking, finances and social media accounts. An excellent way of keeping track of these passwords is to use a password manager. This password manager stores all your passwords and is unlocked using a master password.
Using a password manager can help you deal with your digital life in your will
This master password needs to be identified in your digital will and testament. A practical way of doing this is to write down the password and store it in a secure place. Your will should then indicate where that secure place is so that when the time comes your digital accounts can be accessed. In the same place, you should also note down your computer access password if your computer access is password protected. You can also provide the executor of your will with the master password and your computer password. By following these steps you can create a digital will and testament.
By storing the password in a secure place that is separate from the will it enables you to change the master password if required but you do not have to amend your will to reflect the change. Simply write down the new password and store it in the same secure place mentioned in the will. Amendments of wills are time-consuming and should be avoided if possible. Your will should be clear and effective in dealing with your estate.
Store the master password in a separate document to your will
Action you could take regards a Digital Will
- Deal with your digital world by asking us to include appropriate clauses in your will and create a digital will and testament.
- Ensure your estate is dealt with correctly after you die by asking us to draft you a great new last will and testament, which includes your digital will.
If you are interested, please complete the form on the right or enquire now. We will contact you to find out more about your requirements and give you a quote.