Managing your Digital Estate

Managing your Digital Estate

The digital age has seen an exponential rise in social media and internet usage and, with it, a whole range of digital assets.

The Australian Bureau of Statistics shows that the total internet subscribers in Australia reached 12,358,000 at the end of June last year and 6.2 million Australians used mobile wireless broadband.

This indicates that a growing number of Australians are spending more time on their social media accounts, creating more personal material, with many having accrued thousands of dollars’ worth of digital possessions such as individually curated music, movies and e-books.

Digital Estate Blog
Digital Estate Blog
A Legal, Digital Legacy
How would you like your digital legacy to be addressed? Do you have any particular wishes – to memorialise the information, pass the assets onto family beneficiaries or, for privacy’s sake, have the accounts shut down? Bethanie Castell, a Wills and Estates lawyer with Adelaide firm Tindall Gask Bentley, offers these insightful recommendations for those who are unsure how to approach their digital estate.

The legal way to list your digital assets is by putting pen to paper. When drafting your Will, simply add a section for your digital assets and how you wish for them to be managed when you pass away.

Phrase your digital instructions as wishes, rather than legally binding directions, as, your executor will still be bound to the terms and conditions of the various online accounts.

Record all your passwords (work, banking, social media etc.) on separate document stored with your Will, so you won’t have to update your Will every time you change a password.

Lastly, appoint someone who’s technologically savvy as your Digital Executor.

“It may take time before we see Wills and Estates legislation specifically mentioning digital assets, but that doesn’t mean it is isn’t important to think about digital assets and provide for them while you can,” Castell said.

Your Family Future Checklist
So, when it comes to planning for your families future wellbeing in the years after you’ve departed, your estate planning checklist might look like this;

Make sure your own Will and Estate executor and beneficiaries are updated.
Clarify your Digital Estate, digital assets wish lists and your appointed digital executor.
Compile your digital assets purchased online, including music, movies and e-books.
And of course, keep your Lifebroker Life Insurance policy and beneficiaries up-to-date as well
Understandably, the concept of a Digital Estate can be quite confusing so talk to a legal Succession Planning expert. To discuss your Life Insurance and Beneficiaries options, talk to an expert consultant at Lifebroker today, so you can work towards the peace of mind that financial security can offer your family.

The information contained in this website has been prepared without taking into account your objectives, financial situation or particular needs and is General Advice only. Lifebroker Pty Ltd (the authorising licensee AFSL 400209) or any related companies will not be held responsible for the merits of this advice to your circumstances.

What happens to your Facebook profile when you die? [infographic]

What happens to your Facebook profile when you die? [infographic]

Three Facebook users die every minute. That’s 1.78m deceased Facebook accounts in 2011 alone. What happens to your Facebook account after you die? Is Facebook slowly turning into a digital graveyard?
It’s a strange question, and one that, perhaps, only raises more questions, not in the least: Who cares? I’m dead.

As you fill the internet with status updates, personal images and videos, it creates some new, somewhat macabre, digital dilemmas, such as:

– How do you protect your privacy after death?
– How do you maintain your digital legacy?
– Do you want to live forever online?

These are the questions that an Australian life insurance company is trying to get people to ask themselves before they pass into the great unknown.

The company, Life Insurance Finder, has published a guide on how to prepare your digital accounts for after you die, recommending, among other things, the creation of a digital will and the nomination of a digital executor.

In terms of a digital executor, the company suggests the following:

“A physical will covers your wishes for your physical self as well as your physical assets after your death. But what about your digital life? Now that we live almost as much online as we do in the physical world we need to have a plan for managing our digital deaths too. In order to carry out your digital death plan you will need to create a digital will, as well as select a trustworthy digital executor to handle arrangements for your digital assets and digital legacy once you are gone. Just remember not to put the passwords for your digital assets in your actual will as wills are made public at death.”

The company also has listed the death policies for the accounts of its users, including those of PayPal and eBay.

The guide is a fascinating read, especially the bit about “digital resurrections”:

Where do you see yourself in 100 years? We have the opportunity to be the first generation to realistically think about that question. How you are memorialised ‘After Your Final Status Update’ was the title and topic of Adam Ostrow’s presentation to the TED Global 2011 conference. The editor in chief of Mashable.com discussed the possibilities for the one billion of us around the world with social media profiles, as machine learning technology combined with the massive amounts of data we share publicly, makes it entirely possible that you could live digitally forever.

The guide explains how some companies, like That Can Be My Next Tweet and Hunch, can look into your past social networking history and use that data to post tweets or status updates in your personal style and tone, meaning you could essentially live forever online.

Changing responses to death in the digital age

Changing responses to death in the digital age

Death in the digital age – what happens to our status updates and selfies after we’ve gone?
Researchers Dr Paul Coulton and Selina Ellis Gray are analysing the ways in which western mourning practices are changing in the modern world thanks to the increasing amounts of personal data we leave online.

Selina Ellis Gray said: “Our deaths are now followed by the slow decay of a massive body of data, which include huge amounts created from regular social media use.”

As part of her interdisciplinary PhD, she is questioning what happens to all our tweets, status updates and selfies after we’ve gone and how can we begin to design for these remains.

Until the social media boom the popular understanding was the public mourning was in retreat in the west, with social and religious traditions no longer having such a uniform influence on the way we say goodbye. But in today’s Facebook age a new form of mourning has emerged. Selina Ellis Gray’s ongoing research explores blogs about grief, memorial pages on Facebook, tributes on Instagram, shrines on twitter, digital scrapbooks and support groups for the bereaved springing up in diverse and highly personal responses to loss. Decades of similar digital content is also decaying, posing new problems to those that are left behind to manage it.

Dr Coulton said: “In today’s digital age, when we die we often leave behind a digital legacy. Relatives are no longer only considering what to do with books, tea sets, vases and toolboxes but they are also thinking about online social remnants such as digital photos, videos, status updates and emails.

“While these ghostly reminders online are enabling new types of mourning practices, they are consequently presenting a number of challenges to the traditional role of custodianship as these remnants of digital life cannot be placed within rooms or on shelves in quite the same way as a piece of jewellery or a lock of hair.

“These remains are searchable, discoverable and open to reinterpretation such that the dead can return unbidden to haunt the living in unexpected ways.”

The threshold between life and death has also become a much more public event with the last status updates and final tweets of victims of events such as the Colorado massacre becoming global news. Selina has documented how such spaces online have become highly visited, with some gathering over 10 million views and daily visitors who consider these places as a positive focus for their loss. She hopes her ongoing research in this emergent area will have an impact on future technology design and also support services. Alongside her thesis, Selina has a number of publications forthcoming in 2014 and will be presenting at this year’s first ‘Death Online Research’ symposium with other leading experts in the field.

Dr Coulton said: “These changing responses to death – and the digital legacy we leave behind – are posing all sorts of new questions and challenges, not only for technology designers and professionals who provide bereavement support but also for society in general.”

Texts from the dead: Post-mortem digital communication has arrived

The different types of digital assets

Why do you need to consider the becoming of your digital assets upon your passing? Just because there are more than what you actually think. If you can’t list them all, chances are that they will not be listed by someone else, and precious heritage can finally be lost for everyone. Or, if there are things that you wish were deleted, but were not, your last message may not be the one you wished for.  Inside the different assets type, you have:

Business accounts: let’s say you own an account for any business. It’s full of your clients information,  invoices and different bills. These information are critical for your business partners, colleagues or the whole team. For a doctor, it may contain the life history of your patients, with full, potentially life-saving, information.

Social media accounts: obviously, you won’t be able to communicate with your network, but the social networks do have a treasure inside: old exchanges, pictures, videos and other assets. And they can be the base of an online memorial.

Financial assets: this one is quite self-explanatory. Banks are more and more accessible via web interfaces, and may have services storing online currency, like bitcoins. And we’re not speaking about the Amazon, eBay, Paypal websites..

and last but not least:

Personal assets: can you list the totality of your services? I guess not.. Pictures, videos, emails, texts, mms, smartphone apps, … And why not computers, locked by passwords, or medical records, legal files, …

Identity Theft Safeguard

Do You and Your Aging Parents Have a Digital Estate Plan?

You may be comfortable that your have your estate plan in order. You have a will, a durable power of attorney, a living will and a health care proxy. But do you have a digital estate plan?

In the past, we kept albums full of snapshots, vinyl records and shoeboxes full of correspondence. Now our photos are all on Flickr and IPhoto, our music is downloaded from ITunes and our correspondence is email via Yahoo or Google. Naomi Cahn, a law professor at George Washington University, stated that most adults have 20-25 accounts on the internet. And many of those accounts are for banking or investments.

Have you given instructions to your family on what to do with your internet accounts if you should die? And do they even know how to access those accounts? User names, passwords, internet addresses?

The family of Ricky Rash, a 15 year old who committed suicide in 2011, discovered how difficult it was to recover information from their deceased son’s internet account. In an effort to understand why he had taken his own life, they requested but were refused access to his Facebook account.

Facebook claimed that according to the Stored Communications Act of 1986 – the federal law that governs the protection of a person’s electronic data – even the account of a minor is protected from access by his parents or anyone else.  Other sites and providers interpret the legislation this way, making access all but impossible.

There are only five states that have taken any steps to help recover the internet data of a deceased person—Indiana, Idaho and Oklahoma legislation covers social media and blogging accounts, while Connecticut and Rhode Island legislation covers only email.

What does this mean for you? It is critical that you create a digital estate plan. The listing of internet accounts needs to be comprehensive. Information must include:

  • the name of the account
  • the contents of the account
  • the URL address
  • username
  • password
  • instructions for the disposition of the account including the person to oversee such disposition.