Importance of Digital Asset Inclusion in Estate Planning

Importance of Digital Asset Inclusion in Estate Planning

As technology continues to shape our lives, digital assets have become an essential aspect of our personal and financial affairs. From social media accounts and emails to digital photographs and online banking, digital assets are increasingly playing a central role in our daily interactions and financial management. It is crucial to include these digital assets in your estate plan, ensuring they are properly managed and distributed following your passing. In this article, we will discuss the importance of considering your digital assets when crafting an estate plan, the key issues to consider, and how to approach this modern aspect of estate planning effectively. Furthermore, learn how Sovereign Planning’s professional will-writing services can help you create an estate plan that adequately addresses the management and distribution of your digital assets.

Digital assets are often overlooked in estate planning, leaving a gap in the management of your online accounts and properties. As our digital footprints expand, so does the need to ensure that your estate plan encompasses the entirety of your digital presence. By addressing your digital assets, you can grant your loved ones access to valuable information, protect your online presence, and avoid potential disputes arising from the lack of clarity surrounding your online accounts.

In the following sections, we will delve into the key considerations when incorporating digital assets into your estate plan, exploring practical steps to ensure their proper management and distribution. Armed with this information, you can take a comprehensive approach to estate planning, safeguarding your digital assets and providing clarity for your heirs.

Identifying Your Digital Assets

To create a comprehensive estate plan addressing digital assets, start by cataloguing your various digital properties:

1. Online accounts: Compile a list of your personal and business accounts, including social media, email, e-commerce, and cloud storage platforms.

2. Financial assets: Document your online banking, investment, and digital currency accounts, as well as any digitally managed loans, credit cards, and insurance policies.

3. Digital collections: Catalogue your digital media, such as digital photographs, videos, eBooks, music, and digital artworks.

4. Intellectual property: Identify valuable digital assets, such as websites, domain names, blogs, licensed software, and other copyrighted materials.

Ensuring Secure Access to Your Digital Assets

To enable your trusted person to manage your digital assets after your passing, consider these steps:

1. Document authentication details: Create a secure record of your usernames, passwords, PINs, and security questions for each digital account, updating them regularly.

2. Utilise password managers: Use secure password manager services to store and encrypt your access credentials, ensuring their safety and ease of sharing with your chosen representative.

3. Choose a digital executor: Appoint a trusted person in your will who understands your digital assets and can manage them according to your wishes and legal requirements.

4. Establish access permissions: Grant your digital executor appropriate permissions to access, manage and distribute your digital assets in your will or through designated online tools provided by some digital platforms.

Incorporating Digital Assets into Your Will and Estate Plan

Incorporate your digital assets into your estate plan with the following considerations:

1. Legally compliant directives: Work with a professional will-writing service, like Sovereign Planning, to draft legally compliant and enforceable instructions for managing your digital assets.

2. Setting distribution preferences: Clearly outline your wishes for distributing your digital assets, such as granting specific heirs access or authorising their deletion.

3. Addressing privacy concerns: Provide instructions for the handling of sensitive data and personal communications, ensuring the privacy of both yourself and your contacts.

4. Observing platform-specific policies: Research and comply with the terms of service for each digital platform, as some providers have specific policies for handling account ownership and access after death.

Leveraging Trusts for Digital Asset Management

Explore trust structures as an additional tool for managing your digital assets:

1. Utilising a digital asset trust: Establish a trust specifically designed for digital assets, offering more control over their management and distribution after your passing.

2. Protecting digital assets from probate: By placing digital assets in a trust, you can prevent them from going through the probate process, which may expose them to unnecessary scrutiny or delay.

3. Ensuring privacy and discretion: Trust structures can help maintain a higher level of privacy and confidentiality for your digital asset management, shielding your digital legacy from potential misuse or mismanagement.

Partnering with Sovereign Planning for Customised Digital Asset Estate Planning Solutions

Work with Sovereign Planning to develop a tailored estate plan addressing your digital assets:

1. Comprehensive estate planning advice: Receive expert guidance on incorporating digital assets into your estate plan, considering the unique aspects and legal requirements of digital property management.

2. Professional will-writing services: Rely on Sovereign Planning to draft a legally compliant will that accounts for your digital assets, ensuring the proper management and distribution of your online properties.

3. Trust establishment and management assistance: Engage Sovereign Planning to help you establish and manage digital asset trusts, providing an additional layer of control and protection for your digital properties.

4. Ongoing estate plan reviews and updates: Partner with Sovereign Planning to regularly review and update your estate plan, ensuring that your digital asset management instructions remain current and relevant.


As our reliance on technology continues to grow, incorporating digital assets into your estate plan is no longer just a necessity—it’s a crucial component of modern estate planning. A comprehensive and thoughtful approach to digital estate management allows you to protect your digital legacy, honour your wishes, and provide your heirs with access to valuable information and resources.

Sovereign Planning’s expert guidance and professional will writing services ensure that your estate plan caters to your digital assets, providing tailored solutions that comply with legal requirements and best practices. Trust Sovereign Planning to help you secure your digital legacy and create an estate plan that genuinely reflects your values and priorities in the digital age.

Protect your digital legacy by crafting an estate plan that encompasses your unique digital assets. Contact Sovereign Planning today to schedule a consultation and receive expert guidance in developing a tailored digital asset management plan that meets your needs.

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