Your digital accounts and assets now make up a large portion of your estate.
What happens to them when you’re gone?
Is your Estate prepared? Most aren’t! It can be costly (and more than just money)
It was not that long ago that the average person had up to 10 traditional accounts. Not that long ago being 1995.
Today the average person has 130 + accounts.
- What happens to these accounts when you pass on?
- Who will have kept track of them all?
I know, I know you will be gone. Not your worry any longer.
- Whose worry will it be?
- How could that affect them?
Our digital legacy is everywhere. We’re conducting more and more of our lives online and we leave a large digital footprint behind. It’s become a way to identify ourselves. From connecting with friends and family on social media, to purchasing at our favorite shopping store and enrolling in their loyalty programs, to storing memories and digital photos in the cloud base storage, to online banking and investing; almost everything we do is online and we use multiple devices to do it all.
Are you keeping track of it all?
Have you made your wishes known and protected what you’ve earned?
I hope so. Don’t you?
It’s common to avoid thinking about your passing, however, this behavior may put everything at risk.
Your digital accounts and assets now make up a large portion of your estate. What happens to them when you’re gone?
Who’s responsible for ensuring your plans and wishes are fulfilled?
And are you confident that the ones with cash are obvious and transparent?
The truth is, most people aren’t prepared to answer these questions.
Problems that can come with your digital legacy include:
- several account types and categories for your different activities
- friends and family may not know all your accounts
- each institution has their own requirements and process for handling your final wishes
- password sharing with friends and family is ineffective, risky, unsecured and a violation that can carry heavy fines
- fulfilling your wishes is time consuming and detailed job with real responsibilities
Lack of proper planning can have severe and costly consequences for your estate. The result can lead to wasted time, expense, frustration and even tax penalties if funds are discovered too late. Moreover, identity theft is on the rise. According to the IRS, over $400 million in tax returns are filed fraudulently on behalf of people that passed away in a single year. They start with social media accounts, learning more about you and then take action. This malicious behavior causes additional delays, expense and emotion in solving these crimes.
It’s important to protect your assets, ensuring your accounts are identified and
wishes are carried out quickly.
I’d like to introduce www.protectmyplans.com
Protect my Plans™ is the first and only service to provide personal account, digital asset and device directives management.
Protect my Plans delivers your wishes, removing the anxiety from loved ones and ensuring all you worked for is taken care of on your terms without delay.
Do all of this out of self-interest. Not selfishness. Do this to empower you while you are alive.
The peace of mind you will gain from having this in your life will allow you to produce more, serve more and above all enjoy more of what is around you.