Wednesday, February 22, 2012

Estate Planning: Strategies for a Digital Age

How do you want to be remembered after you’re gone? We’ve each pondered the question, but it’s usually in the context of tangible assets: to whom will I bequeath my money, who will be my executor, who will take care of my pets and children?

Yet the question that’s furthest from our future is perhaps the one we wrestle with each day: our digital presence. What happens to my Facebook page and my Twitter channel and my Pinterest account when I die? There are several options:

1. Create a list of your passwords and empower your executor to do with your social networks whatever he thinks is appropriate.

2. Leave specific instructions for your executor. For example, you may want your Facebook profile to be memorialized (for which Facebook requires a form to be filled out) or deleted.

3. Use an app, like If I Die, to record a final message.

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