Plopper Law

Ultimate Guide to Digital Assets in Estate Planning

Digital assets in estate planning

Digital assets estate planning is the process of managing your online presence and digital possessions—like email accounts, social media profiles, and digital currencies—so that they can be effectively transferred to your heirs after your passing. With the increasing amount of time and money people spend online, it’s crucial to include digital assets in estate planning. This guide will cover everything from understanding what digital assets are to securing them and communicating your plan to loved ones. By following these steps, you can ensure your digital legacy is well-managed and easily passed on.

Understanding Digital Assets


Digital assets are things you own in the digital world. Think about your online accounts, email addresses, and social media profiles. Even things like digital currencies (such as Bitcoin) are digital assets. For example, your Facebook account is a digital asset. So is your Gmail address. These aren’t physical things you can touch, but they’re still important and valuable.


So, why should you care about these digital assets? Well, just like your house or car, your digital assets have value. Imagine if you passed away and no one could get into your email to find important information. That could be a big problem.

Let’s say you have a retirement plan with investments in an online account, like Fidelity. Your family would need to access this account to manage your investments. If they don’t have the right passwords, they could be locked out and your investments could be lost.

Estate planning is about making a plan for what happens to your stuff after you pass away. But it’s not just about your physical stuff like your home or car. It’s about your digital footprint too. This is why digital assets estate planning is so important.

For example, if you have a lot of family photos stored in the cloud, you’d want to make sure your family can still see them after you’re gone. You might have money in a digital wallet that your loved ones need access to.

Estate planning isn’t just for old people either. Everyone should think about it. You never know what could happen.

Tips for Digital Assets Estate Planning

  1. Make a List: Write down all your digital assets. Include things like online bank accounts, email addresses, and social media profiles. Don’t forget about any investment accounts or digital currencies.
  2. Keep Records of Passwords: Make sure you keep a record of all your passwords. You can use a password manager to help with this. Share this information with a trusted person like an executor or an attorney.
  3. Plan for Access: Decide who will have access to your digital assets and how they will get it. Maybe you want your spouse to have access to your email. Or you might want your child to manage your social media profiles.
  4. Include Digital Assets in Your Estate Plan: Talk to an estate planning attorney about including your digital assets in your estate plan. This way, everything is legally taken care of.
  5. Stay Updated: Keep your digital assets and passwords up to date. Technology changes fast, so make sure your estate plan changes too.

By taking these steps, you can make sure your digital assets are well-managed and accessible to your loved ones when you’re no longer around. This way, you can leave behind a well-organized digital legacy that helps rather than hinders your family.

Taking Inventory of Your Digital Assets

Taking inventory of your digital assets can seem like a big task, but it’s important to get it right. Digital assets include everything from your online bank accounts to your social media profiles. This process will help you keep track of these assets and make it easier for your loved ones to manage them if anything happens to you.

Steps to Create an Inventory of Digital Assets

  1. List All Your Accounts: Start by writing down all the digital accounts you use. This includes email accounts, investment accounts, digital wallets, and subscriptions like Netflix or Spotify.
  2. Gather Information: For each account, note down the account name, username, email address, and password. If you have security questions or two-factor authentication, include those details too.
  3. Include Asset Details: Write down specifics like account numbers, balances, and any other important information. For example, if you have an online bank account, note the bank name and account number.
  4. Document Access Instructions: Make sure to include how to access each account. This might involve URLs, special software, or apps.
  5. Store Securely: Keep this information in a secure place. You can use a password-protected spreadsheet or specialized software designed for digital asset management.

Examples of Digital Assets

  • Online Bank Accounts: Think of your savings or checking accounts that you manage online.
  • Social Media Profiles: These include Facebook, Instagram, Twitter, and LinkedIn.
  • Email Accounts: Your Gmail, Yahoo, or Outlook accounts.
  • Investment Accounts: Accounts like Fidelity or Robinhood where you manage stocks.
  • Digital Wallets: Cryptocurrencies, PayPal, or Apple Pay.
  • Subscriptions: Services like Netflix, Amazon Prime, or Spotify.

Tools for Inventory Management

  • Spreadsheets: A simple way to start is by using Excel or Google Sheets. Create columns for each piece of information you need to track.
  • Specialized Software: There are software options like LastPass, Dashlane, or 1Password. These tools not only keep your information secure but can also help you generate strong passwords.

Real-Life Example

Let’s say you have a Fidelity investment account and a PayPal account. For the Fidelity account, write down the account number, your username, and password. For PayPal, include your email address, password, and any linked bank accounts.

By the end of this process, you should have a comprehensive list of your digital assets. This inventory will be a valuable resource for estate planning and ensuring your digital footprint is managed properly in the future.

Legal Framework and Access

Planning for your digital assets is just as important as planning for your physical ones. In this section, we’ll go over the legal considerations, how to grant access rights, and some of the laws that can help guide you.

Legal Considerations

When it comes to digital assets estate planning, you need to include your digital assets in your wills and trusts. Why? Because these assets—like your social media accounts, photos, and even online bank accounts—hold value. If you don’t plan for them, your executor may have trouble getting access.

Imagine you have a lot of photos stored online. If you don’t include these in your estate plan, your family might never get to see them again. The same goes for important emails, investment accounts, or even your online business. Including these assets in your estate plan ensures that your loved ones can access them when you’re gone.

Access Rights

So, how do you legally grant access to your digital assets? First, make a list of all your digital assets. This includes:

  • Email accounts
  • Social media profiles
  • Online banking and investment accounts
  • Digital wallets

Next, you need to make sure your executor or heirs have the necessary access rights. You can do this by:

  1. Including access instructions in your will or trust: Write down login information, passwords, and any other details your executor will need.
  2. Using online tools: Some platforms, like Facebook and Google, allow you to set up legacy contacts or assign account access to someone else.

This way, your executor can manage your digital assets according to your wishes.


Several laws help guide how your digital assets are handled after you pass away. One important law is the Revised Uniform Fiduciary Access to Digital Assets Act (RUFADAA). This law lets you give your executor the right to access your digital assets. It helps ensure that your digital legacy is handled just like your physical one.

For instance, if you have an online investment account with Fidelity, RUFADAA allows your executor to access that account. This can help them manage your investments and make sure your estate is properly handled.

In conclusion, planning for your digital assets is crucial. By including them in your estate plan, you ensure that your loved ones can access important accounts and memories. Make sure to list all your digital assets, provide access instructions, and be aware of laws like RUFADAA. This way, your digital legacy will be secure and accessible for those you care about.

Securing and Managing Digital Assets

Security Measures

When it comes to digital assets estate planning, keeping your digital assets secure is essential. Think of your digital assets like a treasure trove. You wouldn’t want anyone to get their hands on it, right? Here are some simple steps to make sure your digital assets stay safe:

  1. Use Strong Passwords: Always create strong passwords. A strong password is like a strong lock on your front door. Use a combination of letters, numbers, and special characters. Avoid using common words or easy-to-guess information like your name or birthday.
  2. Two-Factor Authentication: Two-factor authentication (2FA) adds an extra layer of security. It’s like having an additional lock on your treasure chest. Even if someone knows your password, they still can’t access your accounts without a second form of identification.
  3. Monitor Your Accounts: Regularly check your email and bank accounts for any suspicious activity. Think of it as keeping an eye on your valuables.


Managing your digital assets effectively can make a world of difference. It’s not just about keeping them safe but also making sure they’re well-organized and easy to access when needed. Here are some best practices:

  1. Keep an Updated Inventory: Make a list of all your digital assets. This includes your email accounts, social media profiles, online banking details, and any other digital property. Keep this inventory updated regularly. It’s like having a map of your treasure.
  2. Secure Storage Solutions: Store your digital assets in secure places. Use reputable cloud services or encrypted drives. Imagine these storage solutions as safes where you keep your valuable digital belongings.
  3. Share With Trusted Individuals: Share access details with someone you trust, like a close family member or an executor. Make sure they know where to find your inventory and how to access your accounts. It’s like giving a map to your treasure to a trusted friend.
  4. Back Up Important Information: Always have a backup of important documents, photos, and videos. Use cloud services or external drives. Think of these backups as copies of your treasure map, just in case you lose the original.

In conclusion, digital assets estate planning is essential in today’s world. By following these security measures and management tips, you can ensure that your digital assets are safe, well-organized, and accessible when needed. Whether it’s your email address, online bank accounts, or precious photos, keeping them secure and well-managed is the key to protecting your digital legacy.

Communicating Your Plan

Planning for your digital assets is just as important as planning for your physical ones. You should inform your heirs about your plan, document it well, and keep it updated.

Informing Heirs

First, it’s essential to inform your heirs about your digital assets estate plan. Imagine you have a treasure chest full of valuables, but no one knows where it is. Your digital assets are like that treasure chest. Your heirs and executors need to know what digital assets you have and how to access them. This includes your online accounts, such as your email, social media, and investment accounts.

For example, if you have a Fidelity investment account, make sure your heirs know about it. Provide them with the necessary information, like your email address and passwords, so they can access it when needed. By doing this, you ensure that none of your valuable digital assets are lost.


Next, let’s talk about documenting your plan. This is like making a map for your treasure chest. Write down a list of all your digital assets. Include your accounts, usernames, passwords, and any other important details. Make sure this document is clear and easy to understand.

Store this document in a safe place. You can use a password-protected file on your computer or a physical safe. Share the location of this document with your heirs and executors. This way, they can find it easily when the time comes.

For example, if you have a lot of photos stored online, let your family know where they are and how to access them. This ensures your memories are preserved and passed down.

Regular Updates

Finally, it’s crucial to regularly update your plan. Just like you would update a map if the treasure’s location changed, you need to update your digital assets estate plan. Our digital lives are always changing. We create new accounts, change passwords, and acquire new digital assets.

Set a reminder to review your plan every six months or whenever you make significant changes to your digital life. This keeps your plan current and ensures your heirs have the most up-to-date information.

For instance, if you start using a new investment service or change your email address, update your document right away. This way, your heirs won’t face any obstacles when they need to access your assets.

In summary, by informing your heirs, documenting your plan, and regularly updating it, you make sure your digital assets are managed smoothly. This helps preserve your legacy and makes things easier for your loved ones.

Real-Life Case Studies and Tips

Case Studies

Case Study 1: Sarah’s Digital Footprint Sarah had a wealth of digital assets – from investment accounts to social media profiles. When she passed away, her family struggled to gain access. However, Sarah’s estate plan included a detailed inventory of her accounts and passwords. Because of this, her family could manage her assets without legal battles.

Lesson Learned: Always keep a list of your digital assets and passwords. Share this list with someone you trust or your executor.

Case Study 2: Mark’s Online Business Mark owned an online business and had multiple bank accounts and email addresses tied to it. When he fell ill, his family could not access the business accounts because they lacked critical information. Eventually, they consulted an estate planning attorney who guided them through the process.

Lesson Learned: Include all business details in your estate plan. Make sure someone knows how to access your email and bank accounts.


Tip 1: Create a Digital Assets Inventory List all your digital assets such as email accounts, investment accounts, and social media profiles. Include usernames and passwords. This makes it easier for your family to manage your assets when you’re gone.

Tip 2: Name a Digital Executor Appoint someone to handle your digital assets. This person should know how to access your accounts and understand your wishes.

Tip 3: Use Secure Storage Store your passwords and account details in a secure place. Consider using a password manager or a locked, physical document. Make sure your executor knows how to access this information.

Tip 4: Consult Experts Talk to estate planning professionals and legal experts. They can provide valuable advice and help you avoid common mistakes.

Expert Advice

Expert Advice 1: Attorney Jane Smith Jane Smith, an estate planning attorney, says, “It’s essential to treat your digital assets like any other property. Ensure they are included in your estate plan and that your family knows how to access them.”

Expert Advice 2: Financial Planner John Doe John Doe, a financial planner, adds, “Many people forget about their online investment accounts and retirement plans. Including these in your estate plan can save your family a lot of trouble and ensure your wealth is distributed according to your wishes.”

By following these tips and learning from real-life examples, you can ensure your digital assets are well-managed and your family avoids unnecessary stress.

Real-Life Case Studies and Tips

Case Studies

1. Protecting Family Photos and Videos Meet Sarah. She had a treasure trove of family photos and videos stored online. When she passed away, her family couldn’t access them. They learned the hard way to include digital assets in their estate plan. By adding their digital footprint to their planning, they ensured these precious memorials were preserved for future generations.

2. Managing Online Investment Accounts John had multiple investment accounts with different services like Fidelity and others. When he passed, his executor struggled to manage these without access. John’s case showed the importance of listing all investment and retirement accounts in an estate plan, along with the necessary passwords.


1. Inventory Your Digital Assets Make a list of all your online accounts, including email, social media, and investment platforms. Include information like usernames and passwords. This way, your executor can easily access everything.

2. Use a Password Manager Password managers like LastPass can store all your passwords in one place. Share access with your trusted executor, so they can manage your digital assets seamlessly when needed.

3. Name a Digital Executor Appoint a tech-savvy person as your digital executor. This person will handle your online presence, ensuring your legacy continues as you wish.

Expert Advice

1. Legal Advice from Attorneys Consult an attorney who specializes in estate planning. They can help you include digital assets in your will and provide guidance on handling online property.

2. Financial Advisor Insights Talk to a financial advisor about managing your digital wealth. They can offer tips on securing your online money and investments.

By following these tips and learning from real-life case studies, you can create a robust digital assets estate plan, ensuring your digital footprint is protected and managed according to your wishes.

Ensuring a Smooth Transition of Your Digital Legacy

Planning for the future of your digital assets is crucial. By following the steps outlined in this guide, you can ensure that your heirs will have a smooth transition and access to your digital estate. Take action now by creating an inventory, securing your data, and communicating your plan. For personalized assistance and peace of mind, contact Plopper & Partners LLP at 317-822-0800 or click the “Book a Consult” button to schedule a consultation. Our expert team is here to help you navigate the complexities of digital assets estate planning.

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