Digital Assets

According to Lifetime Lawyers, their recent consumer research revealed that although 86% of UK adults over 30 have digital assets, just 20% have referenced them in their Will.

Digital assets are anything a person owns that exist in a digital format, rather than a physical one. This includes things like online banking, cryptocurrencies, social media accounts, email accounts and online storage.

Gina Berry, our Head of Private Client at Owen Kenny, says including reference to digital assets in your will can help minimise distress for loved ones after you die, and ensures they can access your important online accounts (whether this is an online bank account or social media profile).

Top tip

It’s a good idea to keep a log of your accounts. Start by making a secure list with login details and passwords. Make sure it’s regularly updated and stored in a safe place, along with your will. Some online services, like Apple and Facebook, allow you to appoint a legacy contact to make decisions about your account after you die.

Where possible, it’s a good idea to chat through your digital assets and your will with a solicitor who will be able to ensure your wishes and information are communicated clearly

If you’re not sure where to get started with writing your Will, please contact our Private Client team on 01243 53277 or email your enquiry to info@owenkenny.co.uk