As I have previously blogged about, be sure that passwords are a part of your estate planning. It is important for those in charge of an estate to know what information is stored electronically and how to access that information. Family members may not be aware of digital currency, music, book portfolios, online businesses, or domain names if you do not specifically provide for their disposition. It is best to keep track of these digital assets you acquire, so you can be sure to address them in your estate plan.
See Julia Johnson, Estate Planning: Who Gets Your iTunes?, Financial Post.com, June 11, 2012.
Special thanks to Jim Hillhouse (Professional Legal Marketing (PLM, Inc.)) for bringing this article to my attention.
