Over the past few years our digital lives have become an indispensable part of our everyday routine for the vast majority of us. This is impacting us in all walks of life and from our perspective we have seen a growing trend in client’s asking us for our advice on how they should be dealing with and managing their “digital assets”.
The term digital assets is wide ranging and captures, amongst other things, your photos, videos, music collections, social network profiles, email accounts, online gaming/gambling accounts and virtual bank accounts. The digital records that people leave behind can be just as important as physical assets and can have a substantial monetary value and sentimental value.
Unfortunately, there isn’t a uniform set of rules which deals with the succession of such assets and there are number of issues with certain digital assets including ownership and use as well as access and privacy which can complicate matters. Whilst specific advice will be required for certain assets as law varies dependent on service agreements and geographical locations we have put together what we feel are the key steps that should be taken to help provide the best protection for your digital assets:
For further information please contact our Wills team.
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