Protecting your Assets in a Digital Age
17 February 2021 by Guest Author
Just 20 years ago, “digital currency” was an idea limited to the imaginations of sci-fi writers. Nowadays, the world’s cryptocurrency is now worth a staggering 1 trillion dollars. Similarly, the role of “social influencer” is now a career for many. In fact, famous ‘Tik Tokker’, Charli D’Amelio has a reported net worth of 4 million dollars accrued as a result of her online success.
Whilst these are the extremes of our digital age, almost all of us will have a digital presence of one form or another, whether this be a social media account, blog, digital banking account, or cryptocurrency.
Despite this, many of us still fail to consider what will happen with our digital assets when we pass away.
What’s next for digital assets?
Since this is such a quickly developing area, there is not yet a definitive approach when it comes to digital assets. This makes it all the more important that these are dealt within your Will. Decisions ranging from who you would like to have access to your social media accounts when you pass away to who will inherit monies you have invested in cryptocurrencies should be considered when making a Will.
FJG’s Charitable Wills Scheme
Fisher Jones Greenwood Solicitors offers a charitable will scheme, under which our fees are waived for the preparation of Wills in exchange for a charitable donation of your choice. There really is no reason to delay; call us to discuss what you would like to happen with your digital assets when you pass away. Please contact a member of our Wills, Life Planning, and Probate team to discuss the free Will campaign – call us on 01206 700113 or email [email protected] for more information.
Credit – blog post written by Lauren Hancock.
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