How to Provide for Digital Assets in Your Arizona Last Will and Testament

In an increasingly digital world, the question of how to provide for your digital assets in your Arizona last will and testament is a more and more common question than ever. In order to properly preserve your digital assets after you pass it is important to make sure that your Arizona last will and testament provides clear instructions on what you would like to happen to your digital assets in the event you pass. The typical Arizona resident now has a least five different digital accounts that hold digital assets. For example a Facebook, Instagram or iTunes account, an online brokerage account or retirement account that perhaps holds alternative digital assets like Bitcoins or other crypto-currencies in a digital wallet. Under Arizona law, cryptocurrencies are handled like any other personal asset, so it is important to make sure they are included in your estate plan. Thus it is important to do a little planning to simplify administering your Arizona estate and any digital assets you may have for your executor.  

To begin, it is a good idea to maintain an inventory of all of your digital assets, including digital wallets, in a secure location. Your list of digital assets should include all of your online accounts, digital wallets, as well as a list of usernames and passwords for each account. Remember, this is potentially sensitive information, to protect this information by keeping it in a secure place. Some people will put this information in a sealed envelope to be opened only upon death or incapacity. Wherever you decide to keep this information, make sure you tell your executor (and agent under your power of attorney, if a different person ) where this information can be found. 

In addition, if your Arizona estate plan should specify how you would like your social media accounts handled. If you have social networking sites, such as Facebook or LinkedIn, Instagram or Twitter, it is a good idea to let your Arizona executor know whether you want the site maintained following your death or whether you want the site removed (some sites have specific policies regarding what happens when a person dies or is incapacitated, so make sure you check each site’s policy). In addition, if you have a collection of music or photographs, tell your executor what you want to be done with those assets are well. These are all instructions that should be included in your Arizona last will and testament.

Using you can provide instructions on how you would like your digital assets disposed of in your customized Arizona last will and testament as well as an Arizona healthcare power of attorney, an Arizona financial power of attorney, and Arizona living will. In addition, using it is a good idea to update your list of digital assets at least annual so that your digital information is up to date.