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Business  »  Customer Service
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Why You Need Digital Assets in Your Will

By: MF Newman
Date Added : October 13, 2011 Views : 11
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When most people approach their lawyers for the drafting of wills, not many mention their digital assets. However, this cannot be blamed on oversight but rather on lack of information. Consider you own a website or blog which has been making some bucks through advertisement; would you wish to deny your family the bucks? Obviously no but the idea that the digital aspects of our lives are valuable has not yet become etched in our minds. With this hindsight, it means including your digital assets in your will can actually do a lot to your legacy. So, how does one go about this?

One of the areas that are heavily affected by disagreements after the owner passes away is entertainment. This is because even the oldest artifacts have become digitized and people are buying them online. More so, modern music, games and video among many other such materials are digitized meaning the original creators are supposed to get something from them. When you play an online game whose owner is dead, it should be possible for you to pay just like when they were alive. However, if you don’t include the digital assets in your will, such arrangements won’t be possible. The same goes for print materials such as books which have copyrights or patents. Policies such as Online Games Data Protection & Privacy are meant to protect you but this can only happen if the digital assets in your will are clearly profiled which brings up another germane issue.

Since the day you started working, there is lot of information or materials which you might have shared. Unlike the physical possessions which you can sit and write down, the digital assets in your will might be harder to compile. This calls for an experts input to ensure you don’t lose valuable digital assets in your will. The lawyers who deal in digital assets will dig as deep as they can for any digital assets that you might not easily recognize. This is a tedious process which is also labor intensive meaning that you cannot do it individually unless you want to lose some valuable items.

Having looked at the digital assets that hold financial value, there is also need to check the ones that have more emotional than financial value. These are even more common and must form part of your digital assets in your will. Though they might seem insignificant, they might be worth a lot to your friends and relatives. Consider your personal blog which serves as the journal or even your social network accounts. All these have their own passwords and the executor must be aware of them. The digital assets in your will hold value but some of these less financially attractive hold even more value. Photo of reunions, family outings, poetry submissions or even email accounts tell more to the grandchildren than any house that you leave behind. Digital assets in your will are all about leaving a good legacy and hence, you should make sure you work with a professional in the process.




Mark Newman is the author of this article on Digital Assets in your Will. Find more information on Music Copyrights and Royalties here.

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