Is your Estate prepared? Most aren’t! It can be costly (and more than just money)!
Our digital legacy is everywhere! We’re conducting more and more of our lives online and we leave a large digital footprint behind. It’s become a way to identify ourselves. From connecting with friends and family on social media, to purchasing at our favorite shopping store and enrolling in their loyalty programs, to storing memories and digital photos in cloud base storage to online banking and investing, almost everything we do is online. And we use multiple devices to do it all. Are you keeping track of it all? Have you made your wishes known and protected what you’ve earned?
Even one forgotten account can ruin all you worked for!
It’s common to avoid thinking about your passing, however, this behavior may put everything at risk. Your digital accounts and assets now make up a large part of your estate. What happens to them when you’re gone? Who’s responsible for ensuring your plans and wishes are fulfilled? And are you confident that the ones with cash are obvious and transparent? The truth is, most people aren’t prepared to answer these questions.
Problems that can come with your digital legacy include:
- several account types and categories for your different activities
- friends and family may not know all your accounts
- each institution has their own requirements and process for handling your final wishes
- password sharing with friends and family is ineffective, risky, unsecure and a violation that can carry heavy fines
- fulfilling your wishes is time consuming and detailed job with real responsibilities
Lack of proper planning can have severe and costly consequences for your estate. The result can lead to wasted time, expense, frustration and even tax penalties if funds are discovered too late. Moreover, identity theft is on the rise. According to the IRS, over $400 million in tax returns are filed fraudulently on behalf of people that passed away in a single year. They start with social media accounts, learning more about you and then take action. This malicious behavior causes additional delays, expense and emotion in solving these crimes.
It's important to protect your assets, ensuring your accounts are identified and wishes are carried out quickly.
Protect my Plans™ is the first and only service to provide personal account, digital asset and device directives management.
Protect my Plans delivers your wishes, removing the anxiety from loved ones and ensuring all you worked for is taken care of on your terms without delay.