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McCurrie McCurrie
& McCurrie, L.L.C.

680 Kearny Avenue
Kearny, NJ 07032-3010
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Take digital assets into account during estate planning process

Many people in New Jersey spend a large portion their waking hours online, and we use the Internet for almost everything, from banking to shopping to making restaurant reservations. In fact, some people never set foot inside of a bank; instead, they handle all of their personal financial transactions online. While this may be convenient, it is best for people to include these digital assets in their estate plans.

Some people may actually have more digital assets than tangible ones, which has a significant impact on the estate planning process. Although it’s generally not advisable to provide anyone with a list of passwords for all of your online accounts, it can be helpful for people to make a list of all the websites they use for financial transactions, such as bank and brokerage accounts. Otherwise, in the event of a person’s death, his or her family members could be left without knowledge of assets or even liabilities that they need to cover.

After they’ve worked to create a blog, photo collection, or website, some people may want to preserve these assets. In these cases, it is best for people to appoint someone to maintain these digital assets in the event of their death. The appointee will likely need the person’s login information. However, rather than risk the threat of identity theft, it may be helpful to use software specially designed to protect passwords, or simply keep the passwords in a safe place in your home.

When it comes to estate planning, the options can be overwhelming. For this reason, people may want to work with an attorney who can help you put your wishes into writing.

Source: LifeHealthPro, “5 tips for digital estate planning,” Tom Nawrocki, Oct. 10, 2013

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