In Texas, many people have become aware that they should create an estate plan that deals with the distribution of their assets when they die. In fact, the same people know that common tools in estate planning include a will or trust. However, what they may not know is that the on-line estate of a person is as important as that of the physical estate when working to create a comprehensive plan.
A digital estate includes both traditional assets like money and more emotionally related, sentimental items, like photo storage sites. These can all be dealt with in estate planning documents. For example, Google has a method in which an account owner can set who and how their accounts can be accessed when they die. Other websites have similar options available.
Important for those left behind is the information as to what on-line accounts exist. This can be included in estate planning documents. The details about the accounts should be updated regularly as people add accounts and information to the web. In addition, passwords should be kept separately, and out of the estate planning materials that can become public at the time of death and probate.
Estate planning may seem overwhelming to some in Texas. This is because of the difficulty in ensuring that all assets have been accounted for and that the plan that they create is complete. To be sure that this is the case, it may be helpful for an individual to review all available options and seek advice from those with experience in estate planning.
Source: The New York Times, “Estate Planning Is Important for Your Online Assets, Too,” Anne Eisenberg, May 26, 2013,