Many people forget to include digital assets in their estate plans. This type of property can hold real value, whether personal, financial, or creative.
Without clear instructions, loved ones may struggle to access online accounts or manage digital property. Planning ahead helps protect these assets and makes things easier for your family.
Identify and organize your digital assets
Start by making a list of all your digital assets. These include email accounts, social media profiles, cloud storage, online banking, digital photos, subscription services, and anything else you access with a username and password. Don’t forget digital currencies, as well as online investment platforms. If you create original content, such as music, videos, art, or written work, those are also digital assets, especially if they earn income or have copyright value.
Store login details in a secure place, such as a trustworthy password manager that allows you to share access with a trusted person when the time comes. Include instructions for each account, including whether you want it closed, memorialized, or transferred.
Consider naming someone to manage these accounts and follow your wishes. In Nevada, you can include this information in a will or trust to give that person legal permission to act on your behalf.
Protect value and control access
Digital currencies and online investments often require special steps. These platforms usually do not allow access without a private key or code. If no one can access your wallet or account, the funds may be lost forever.
Make sure you store private keys securely and include clear instructions on how to find them. If you own a domain name or monetize content on online platforms, explain how to transfer control or continue managing those accounts.
Nevada law recognizes the importance of digital assets and allows you to give someone the legal authority to manage them after death. When you plan ahead, your digital life won’t create confusion or conflict. Instead, you also help your loved ones save time and avoid stress while preserving what matters to you.