Gone But Still Online: What Happens to your Digital Assets When You Die?
In today’s digital world, we spend more time than ever online, storing memories in the cloud, managing finances through apps, and building personal brands on social media. But when someone dies, what happens to all those digital footprints? At ETP Canada, we believe this is one of the most important, and often overlooked questions in estate administration.
Digital assets are everything from email accounts and social media profiles to cryptocurrency wallets, domain names, and cloud-based photo libraries. Many people don't realize these assets can hold both sentimental and financial value, and that they can pose unique challenges for estate administrators.
One major issue is access. Without usernames, associated email addresses, or legal authorization, loved ones may be locked out of important accounts indefinitely. Some platforms, like Facebook and Google, allow you to set up legacy contacts or specify what should happen to your accounts when you pass away. But others have no clear policies, or their terms of service may override even a legally drafted will.
Another concern is ownership. Just because someone used an account doesn't mean they owned the content in it or had the right to pass it on. For example, digital music or book libraries are typically licensed, not owned, meaning they may not be transferable to heirs.
So, what can you do to protect your digital legacy?
Take inventory: Create a list of your digital assets and accounts, including usernames and associated email addresses, stored securely.
Include digital assets in your will: Make sure your estate plan addresses digital property.
Review account settings: Use features like Google’s Inactive Account Manager or Facebook’s Legacy Contact to clarify your wishes.
At ETP Canada, we’ve seen firsthand how digital assets can complicate and enrich the estate process. By planning ahead, you can spare your loved ones stress and ensure your online life is handled with care. Want help navigating the complexities of digital estate planning? ETP Canada is here to support you, every step of the way. Be sure to check out our online course Executor Ready for all the tips and tricks!