Digital Power of Attorney in Glendale, CA
In today’s world, our digital assets and information are just as valuable as our worldly possessions. It’s important not to overlook this aspect of your estate planning before you pass.
Assigning a digital power of attorney is essential to protecting your digital assets, which include highly confidential personal information and data, in the event that you become incapacitated. Just as your financial power of attorney will manage your money matters, your digital power of attorney will manage virtually all of your digitized accounts.
What Are Digital Assets?
Your digital assets can be divided into two main categories—data and hardware. The former can be divvied up even further:
Your data encompasses both the information that you have stored on your own personal hardware, as well as data that you have stored on third-party servers—think the cloud. This personal information can either have monetary value or not. An example of data with monetary value is your bitcoin wallet. Data with no monetary value is still valuable—this can include your music library, photographs, and social media accounts.
Your hardware includes all of your devices that contain personal information and data. Everything from your laptop to your tablet to digital cameras and flash drives falls under the hardware category.
The monetary value of these devices falls into another aspect of your estate plan, but the information contained within them is considered to be a part of your digital assets.
Getting Your Digital Assets in Order
Before you can entrust a digital power of attorney, you need to make sure that all of your digital assets are accounted for and organized, and can be accessed by your agent. Here are a few tips to get started:
- Take an inventory of all of your online accounts—this includes login information, usernames, passwords, website addresses, and security question answers. Two-step authentication settings should also be organized.
- Cancel unused accounts—it will be easier for both you and your agent to manage your accounts if there are fewer of them. Redundant and unnecessary accounts can be permanently shut down.
- Keep all settings and preferences up to date—many websites have options for designating someone in charge in the event of your incapacitation or death. Take advantage of these settings.