executors

What happens to your online assets when you die?

Traditionally our financial (and other) assets could be quite tangibly tracked and accounted for when we die; there would invariably be a paper-trail that executors could follow to track down, liquidate and distribute ones estate.  As we increasingly run our lives in the virtual world more of our assets exist ‘in the cloud’ and have no specific or easily trackable trace for our executors to find and action.

While there are some assets that can and should be accessed by the executors of your will (like online-only savings accounts) there are some assets (like Kindle Books and iTunes libraries) that cannot be passed to heirs.

One bit of advice given by Nicola Plant (partner at solicitors Pemberton Greenish) gives in a recent FT article is a list of usernames and passwords could be maintained to assist executors in carrying out the wishes outlined in wills.