Integrally important in today’s estate plan is a digital asset release. This need for this release may be incorporate ownership of digital pictures, music, messages, e-books, movies, websites, online and other information. While Massachusetts currently incorporates digital assets within the context of the decedent’s estate, you may need the assistance of a specified fiduciary to manage those online assets.
In addition to the specified “assets” you may also have other on-line accounts that are not considered your property, but to which you have access by way of specified passwords. You should consider how you would want those accounts handled. Specifically, I am referring to social media or networking sites, on-line photo accounts, blogs and other files that will be left online. These account may include, but are not limited to, eBay, Twitter, Facebook, LinkedIn, Etsy, Pinterest, Amazon, etc.
You should think those accounts in which a password would be necessary for purposes of obtaining necessary asset information to properly administer your estate. Your personal representative may be grateful for clear instructions on which online accounts you own, and which passwords can be used to access those accounts. You should think about leaving meaningful instructions for your Personal Representative as to how they should carry out your wishes as it pertains to any online accounts.