This is a relatively new term but we anticipate digital estate planning will become a focal point for people making their will as our technology grows ever greater.
So many of us are now using digital means to store and access data, sometimes of a highly personal nature ,sometimes of a financial nature and how to access and control that data is becoming increasingly relevant.
Most people have some form of digital estate even if it consists of a Facebook or Instagram account. Do not forget crypto currencies either such as bitcoin.
In order for the executors of your will to smoothly handle your estate you will need to provide them with access to your digital estate. Therefore it is useful to have user names and passwords organised in one safe place to enable the executors navigate your digital life, settle accounts, cancel subscriptions and carry out your final wishes. Your digital estate plan can be stored with your last will and testament.