It is important to make sure that your executor or personal representative has access to all the relevant information that he or she will need to assist in the administration of your estate. From a legal perspective a probate attorney will be necessary in most instances, but there are things that only you know and it is important to make this information available.
Now that we live in the digital age it is not as simple as giving someone the key to a lock box or filing cabinet. Many people conduct business online, including banking and even trading of securities. As a result you must pass along the appropriate information so that your accounts can be handled after your passing.
There is also the matter of social network identities. A lot of people have a Facebook page, and you have to let your representative know how you would like it handled. Rather than having the account deleted you could arrange to have the page memorialized.
Your representative contacts Facebook to let them know that you have passed and the account will be memorialized. People that are currently your friends or family can leave messages on the wall but no one will be able to access the account in the future, and it won’t come up in searches anymore.
The handling of your online accounts is one of the many details to take into consideration when you are making preparations for the future. Without question, the best way to make sure that nothing relevant is overlooked is to engage the expertise of a licensed estate planning attorney when you are working on an inheritance plan.
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