What is a Digital Legacy? A Digital Legacy is your virtual, secure, safe deposit box. It contains your key information, wishes and life documents in a centralized online portal.
This is your tool for managing all of your life documents and leaving your legacy organized for your heirs.
Benefits of a Digital Legacy
- At the click of a mouse, you have a customized, easy solution that will help you and your family manage personal data.
- Eliminate time and worry locating important information.
- Prepare caretakers for an emergency with important contact information and personal family data.
- Store immediate as well as extended family member’s personal information.
- Upload and store images of key documents, i.e. Driver’s License, Social Security Card, Birth Certificate, Will, Trust, etc. to reduce time finalizing estate paperwork and related costs with easy retrieval when you need them.
- Designate contacts & meeting locations
Find out more >> https://uniquelyyoursdigitalsolutions.com/digital-legacy/
Go Paperless with Your Digital Legacy! A Digital Legacy is your virtual, secure, safe deposit box. It contains your key information, wishes and life documents in a centralized online portal. This is your tool for managing all your life documents, leaving your legacy organized for your heirs. I’m offering a 10% discount for any bookings confirmed by August 30, 2018. Contact me via phone at 925-206-0103 or by email firstname.lastname@example.org to schedule your inventory today.
Most people are reluctant to think about their own death and what happens to their estate, but in terms of their digital legacy, it’s essential to do so if they want to spare their family problems.
Without the right data, it’ll be difficult or even impossible for them to gain access to a deceased relative’s Internet accounts.
Here are some tips from Germany’s Federal Association of Consumer Organizations on how best to take care of your digital legacy.
Write it down: It’s important to write down all login data for your Internet accounts and place the information somewhere relatives can find it. The easiest way is to write your usernames and passwords down on a piece of paper and keep them in an envelope in a safe place. It’s important to remember to update them as required.
Get a password manager: This is a programme that saves all your access data in one place and in encrypted form. Then all you have to remember is one password, the master password. You’ll have to let relatives know what this is so that they can have access if needed.
Choose a confidante: Users need to name a trusted person who’ll take care of any rights and obligations arising from contracts with online service providers if they die. The decision to give someone power of attorney needs to written down, dated and signed in a document.
Leave instructions: Users need to set down in writing what exactly they want done with their digital estate post-mortem. The consumer association advises giving a confidante detailed instructions for each service – for example, should the Facebook profile be deleted or left as a memorial? Instructions should also include directions on what to do with data on your computer, smartphone, tablet and so on.
Avoid service providers: There are companies that will, for a fee, handle a person’s digital legacy. However, the German association advises against using such services as it’s very difficult to judge their security and trustworthiness. Certainly in no circumstances should such a company be entrusted with your password information. – dpa
As I get older I’m becoming more and more aware of death and my own mortality. This causes me great anxiety. It has been heightened by Ethan’s autism diagnosis and my fear of who will look after him when I am gone. It’s amazing how many people assumed we had another child just for this purpose. Autism made me learn to never put any pre-conceived expectations onto my children. If anything I would love Little E to embrace the world as much as she can. I wouldn’t want her to have a pre-determined role as her brother’s carer. She does look after him naturally without thinking but I wouldn’t want this to stop her future ambitions and dreams.
As much as I would love to pretend a future without me in it isn’t going to happen, I’m yet to find the fountain of youth! My biggest hope for our son’s future is to make him as independent as possible. This will take lots of time and lots of life lessons. This was one of the reasons we fought for our sons school placement. His school focuses on life lessons rather than exam results.
I’m assuming there will be a time when we will have to look into his housing options. We won’t know how his needs will have to be met until the time comes to discuss his options.
We will also have to look into finances, his and ours this is something we will have to take legal advice on. This type of thing can get complicated when special needs are involved.
What Should I Do About My Digital Legacy?
With the realisation that our son was autistic I needed an outlet and I started this blog. I used it as a way of sharing our journey and now I like to look of it as our family diary. It’s our online life and one that has helped me make new friends and get good advice during our autism journey. Our blog is also linked to many different social media channels and we have a growing YouTube channel too.
It feels very strange to think about considering your online life when you talk about death. We are the generation that first saw the Internet introduced. It was expensive to have, a luxury even. This meant it wasn’t something that was in every home. We had to listen to the dialling tone and wait for connection before you even had a chance of browsing the World Wide Web. Now nearly everyone has access to the Internet at his or her fingertips. Smart phones are part of our everyday life and there is an app for anything and everything.
What will happen to my online life when I am gone? Will Ethan or Little E want to take over our YouTube Channel? Will our children want to have access to our blog or continue to blog? These really are things I will have to consider. Things that the generations before us never even had to think about.
If you think this is something that you will also need to consider SunLife has some very useful information on securing your digital legacy.
DISCLOSURE – This post is in collaboration with SunLife.
VeChain Foundation has announced that SafeHaven will switch from the Ethereum blockchain to the VeChainThor blockchain.
The company states that it has reviewed SafeHaven’s technology, network, and background and sees “true value added to our platform by working together in partnership. This partnership will allow users access to a host of necessary solutions for continuity.”
It is rumored that one of the reasons why SafeHaven ditched the Ethereum platform is because of the associated scalability concerns.
The company states, “with the rise in cryptoassets, digital inheritance has become a critical technological need to empower entire business procedures, individual legacies, and continuity for disasters.”
The aim of the platform is to resolve the important question of how your family and spouses can gain access to your digital legacy in case of loss of life. It has four main products such as the Family Circle Plan, which gives access to a defined group, and the Business Continuity Plan, which allows “companies to distribute authority, ownership, and assets in programmable smart contracts to be executed on a set event, outcome, or procedure.” Besides, it offers its users to use two other plans called Investment Circles, which is an improvement on the multisig wallet and “is useful for people who manage group fundings” and a Safe Haven Vault, which enables data sharing with certain individuals. In both cases, you define the terms of the access.
According to VeChain, the Safe Haven Family Circle Distribution Protocol is currently being tested on the Ropsten network. VeChain also indicated that they will soon announce the date of VET private and public offerings.
In turn, SafeHaven also pledged in its own announcement “through the facilitation of VeChain Foundation, to enable VeChain X-Node holders to have methods to achieve different tiers of rights of purchase and discounts.”
Currently, VeChain trades at $3.21 USD (2.87%). Previously the company also partnered with DNV, a Norway based organization.
Read our review of Safe Haven here.
Digital property is increasingly becoming a more important part of estate planning. Individuals should consider their digital property, in addition to their tangible assets, when finalizing and reviewing their estate plans.
A person’s digital property and electronic communications are referred to as “digital assets” and the companies who store those assets on their servers (Google, Facebook, Apple, etc.) are referred to as “custodians.” Digital assets are typically governed by terms of a service agreement — not by property law. These service agreements are unhelpful when a user passes away or becomes incapacitated. As the number of digital assets we have increases daily, so does this growing issue. To address this, many states have adopted the Revised Uniform Fiduciary Access to Digital Assets Act (UFADAA), which allows a fiduciary the legal authority to manage another’s property and specifically allows Internet users the power to plan for the management and disposition of their digital assets.
Digital assets should be included in your normal estate planning and wealth transfer conversations with your estate planning attorney and family members. Your estate planning attorney may create an amendment to your existing will, trust, or power of attorney to give the designated agent the authority to direct or dispose of your digital assets. This amendment may take the form of a Virtual Asset Instruction Letter, which allows you to list accounts, instructions for those accounts, and the person(s) designated to access them.
Digital assets, while not always tangible, can be very valuable. For example, airline miles and hotel points have obvious monetary value, while photos, emails, and other creative works have sentimental value. As a result, it is important for individuals to have a plan for photos, email and social media accounts, financial accounts, and online memorabilia and documents.
Please contact us to request additional resources on creating a digital estate.
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