Do Clients Need a ‘Living Will’ for Facebook?Social media giant Facebook released a new security feature this month that allows users to select whether their profiles should continue on after their deaths or be deleted entirely. Just like tangible assets and investments, we encourage clients to make decisions now regarding how they wish their online assets to be handled upon their deaths. Otherwise, the digital assets risk being lost forever. This includes, but is not limited to, social profiles, email accounts, blogs, photo albums, sound files and other personal websites. Facebook users can now appoint a “legacy contact” as a kind of executor to manage certain aspects of their online profile.
Tags: estate planning