Wealth Special Section: Plan Your Digital Legacy, and Update Often

Wealth Special Section: Plan Your Digital Legacy, and Update Often

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Roman Muradov

Andrew Magliochetti, 38, always feared dying without an . In his 20s, he prepared a will. But after consulting with his money manager, Mr. Magliochetti took an even more unusual step: He listed his , which include digitized family movies and accounts, as well as some that are more esoteric, like digital currencies and domain names.

Mr. Magliochetti then stored his passwords, including those for Facebook and Twitter, on a password manager that his brother, who is his estate executor, could easily get access to. Family photos and movies were uploaded onto the file-hosting service Dropbox, which makes them easy to share, he said.

“Being so organized takes a lot of time,” said Mr. Magliochetti, a managing director at Maroon Capital Group in Chicago. “But if someone can’t access my assets, they can disappear.”

Unlike Mr. Magliochetti, many people are neglecting to include digital effects in their estate plans.

Eleanore

Eleanore

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