Last Will and Testament Examples with Digital Assets

Understanding Last Will and Testament Examples Including Digital Assets

In today’s digital age, it’s essential to include digital assets in your Last Will and Testament. Digital assets can include anything from social media accounts to cryptocurrency portfolios. Below are three practical examples that illustrate how you can structure your will to ensure your digital assets are handled according to your wishes.

Example 1: Comprehensive Digital Asset Inclusion

Context

This example is suitable for individuals with a variety of digital assets, including social media accounts, online banking, and cryptocurrencies. It provides a detailed approach to managing these assets posthumously.

When I, [Your Full Name], of [Your Address], declare this to be my Last Will and Testament, I revoke all prior wills and codicils. I appoint [Executor’s Name] as the executor of my estate.

1. Upon my death, I direct my executor to access my digital assets according to the following instructions:

   • Social Media Accounts: I wish for my Facebook, Instagram, and Twitter accounts to be memorialized. My login credentials are stored in a secure location known to my executor.
   • Cryptocurrency: I own [specific cryptocurrencies such as Bitcoin, Ethereum]. My digital wallet is accessible using the following private key: [insert key or secure access information].
   • Online Banking: I have accounts with [Bank Name]. My online banking login is [insert login details or secure access information].

2. I also wish to leave my digital memorabilia, such as photos and videos stored on [cloud service], to my children, [Children’s Names]. My cloud service login is [insert secure access information].

Notes

Ensure that all digital access information is securely stored and updated regularly to reflect any changes in accounts or services. Laws regarding digital assets vary by jurisdiction, so consult with a legal professional to ensure compliance.

Example 2: Simplified Digital Asset Management

Context

This example is ideal for someone with fewer digital assets who prefers a straightforward approach. It focuses on essential digital accounts and provides clear instructions for their management.

I, [Your Full Name], residing at [Your Address], declare this to be my Last Will and Testament. I revoke all previous wills and codicils. I designate [Executor’s Name] as my executor.

1. I direct my executor to manage my digital assets as follows:

   • Email Account: My email account is [insert email address]. I authorize my executor to access it for necessary communications and to delete it if required.
   • Online Shopping Accounts: I own accounts with [Amazon, eBay, etc.]. I give my executor permission to close these accounts and manage any outstanding transactions. Login information is kept in a secure location.

2. My personal blog at [Blog URL] should be archived and maintained by [Name of a trusted individual or organization]. Login details are available in my secure location.

Notes

This example simplifies the process by limiting the number of digital assets mentioned. Always ensure your executor is aware of where to find secure login information.

Example 3: Digital Asset Focus with Specific Bequests

Context

This example is tailored for individuals who want to leave specific digital assets to designated heirs. It is particularly useful for those who curate online content or own unique digital items.

I, [Your Full Name], of [Your Address], make this my Last Will and Testament, revoking any prior versions. I appoint [Executor’s Name] as my executor.

1. Upon my passing, I direct my executor to distribute my digital assets as follows:

   • Digital Art: I bequeath my digital artwork stored on [Platform Name] to [Beneficiary’s Name]. Access information is stored securely.
   • Domain Names: I own the following domain names: [List of domain names]. I assign ownership of these domains to [Beneficiary’s Name]. Login details are available in my secure folder.
   • E-books and Online Subscriptions: I wish to leave my e-books and subscriptions to [Service Name] to [Beneficiary’s Name]. My login information is stored securely.

2. My social media accounts should be deleted, as I prefer not to have my digital presence maintained after my passing. My executor has my login credentials securely.

Notes

This example emphasizes specific bequests and provides clarity on who receives what, making it easier for the executor to follow your wishes. Always consult a legal expert when drafting your will to ensure all aspects are legally binding and comprehensive.