More and more people are conducting business online these days, and this is something to keep firmly in mind when you are planning your estate. If you have bank accounts that you manage online and Internet-based brokerage accounts you are going to have to let your estate administrator know about them and provide the necessary access where appropriate.
There is also the matter of your creditors. These days a lot of creditors encourage their customers to sign up for paperless billing options. So you may have creditor accounts that have no paper trail at all. This is another thing to take into consideration when you are passing along relevant information to the individual or entity that will be handling your final affairs.
On top of the financial aspects you may also have social network accounts such as a Facebook account. This is another matter to address. Facebook allows the family of a deceased account holder to request that this individual’s Facebook account be memorialized.
This entails disallowing future access, deleting personal information, and removing status updates. In addition, the deceased individual is no longer recommended as a friend and cannot be found in searches. However, existing friends can still post on the wall of the deceased Facebook account holder.
There certainly are a lot of details to attend to when you are making final preparations. The best way to make sure that you are leaving nothing undone is to work alongside a licensed and experienced Indianapolis estate planning attorney when you are crafting your legacy.
Mr. Kraft assists clients primarily in the areas of estate planning and administration, Medicaid planning, federal and state taxation, real estate and corporate law, bringing the added perspective of an accounting background to his work.
Latest posts by Paul A. Kraft, Estate Planning Attorney (see all)
- Can’t I Just Transfer Assets to My Adult Child If I Need to Qualify for Medicaid? - July 19, 2019
- What Type of Will Is Best for Me? - July 17, 2019
- Ways to Avoid Probate - July 15, 2019