Life without the internet can be hard to imagine. Most people in Florida have at least one or more social media accounts, email accounts and more. Important documents or family photos that were once stored in a physical location are now saved to the cloud. Although in many ways the internet has made life far easier, things can get complicated when individuals fail to include their digital assets in their estate plan.
Digital assets are things like usernames and passwords, digital files, e-commerce accounts and much, much more. These assets can be financially valuable as well as emotionally important, so protecting them from exploitation or abandonment is essential. Unfortunately, not everyone realizes just how important this is. A survey from AVG Technologies found that only 16 percent of baby boomers had given any thought to their digital assets in terms of estate planning, and only a mere 3 percent had actually taken steps to include them in their plans.