Sample Clauses for Digital Assets in a Will

Explore practical examples of clauses for managing digital assets in wills to ensure proper distribution.
By Jamie

Introduction

In today’s digital age, managing digital assets is crucial when drafting a will. Digital assets include anything from social media accounts to cryptocurrencies. Including specific clauses in a will can help ensure that these assets are handled according to your wishes after your passing. Below are three diverse examples of sample clauses for digital assets that can be included in a will.

1. Social Media Account Management

This clause addresses the management and closure of social media accounts following the individual’s death. It ensures that personal wishes regarding digital presence are honored.

In the event of my passing, I direct my executor to take the following actions regarding my social media accounts:

  • Close my Facebook account and ensure that all personal messages and posts are deleted.
  • Archive my Instagram account, preserving all photos and captions for my family’s remembrance.
  • Notify my LinkedIn connections of my passing through a suitable message and then deactivate my account.

Notes: It is essential to provide your executor with the necessary login credentials and any specific instructions on how to manage each account. Consider using a password manager that allows secure sharing of these credentials.

2. Cryptocurrency Distribution

This clause specifies how to handle any cryptocurrency holdings, ensuring that these digital assets are distributed according to the individual’s wishes.

I hereby bequeath all of my cryptocurrency assets, including Bitcoin, Ethereum, and any other digital currencies held in my cryptocurrency wallet at the time of my death, to the following beneficiaries:

  • 50% of my Bitcoin to my son, John Doe.
  • 30% of my Ethereum to my daughter, Jane Doe.
  • 20% of any other digital currencies to my spouse, Mary Doe.

My executor shall ensure that my digital wallets are accessed securely using the passwords provided in a separate document located with this will.

Notes: It is recommended to keep a detailed record of the wallet addresses and any relevant exchanges where the cryptocurrencies are held, as well as the access information, to facilitate a smooth transfer.

3. Online Subscription Services

This clause outlines how to manage various online subscription services, ensuring that family members can access or cancel these services after the individual’s death.

Upon my death, I instruct my executor to:

  • Cancel all my online subscription services, including but not limited to Netflix, Spotify, Amazon Prime, and any other digital service I may have subscribed to.
  • Provide my family with access to my digital library on Kindle, allowing them to view and download all purchased eBooks.

The list of subscriptions and access credentials can be found in the accompanying document titled ‘Digital Asset Inventory.’

Notes: Regularly updating the digital asset inventory will help the executor navigate various accounts and subscriptions effectively, ensuring no assets are overlooked.