In today's world, our online presence and digital assets hold a significant part of our personal history. Yet, preserving your digital legacy is a frequently overlooked aspect of retirement planning. Just as retirement planning involves securing your financial future, it's important to address how your digital presence, online accounts, and digital assets will be managed and remembered in the future.
Digital Footprint and Identity
In today's interconnected world, our digital footprint is extensive. From social media profiles to email accounts, each of us leaves behind a trail of online activity. Consider creating a comprehensive list of your digital accounts, usernames, and passwords. This information can prove invaluable for your loved ones when managing your affairs in the event of your passing.
Managing Online Accounts
Your online accounts may hold sentimental or financial value. Email accounts may contain important correspondence, while social media profiles could hold cherished memories and interactions. Research the policies of different platforms regarding the management of accounts after death. Some offer options for memorialising or deleting accounts based on your preferences.
Preserving Digital Assets: Digital assets encompass a wide range of items, from personal photos and videos to online financial accounts and cryptocurrency holdings. Determine how you'd like these assets to be managed after your passing. Some platforms allow you to designate beneficiaries or provide instructions for account access.
Secure Password Management
As part of your digital legacy plan, consider using a secure password manager. These tools can store your account information safely, providing your loved ones with access to your digital life when needed. Be sure to keep your password manager's master password in a secure location known to a trusted individual.
By proactively addressing your digital legacy, you're offering your loved ones a clear path forward in managing your affairs.
Click here for our 'In Case of Death' list which includes how you can safeguard your online accounts and assets.