Best Practices to Secure Digital Assets in 2023
27 Jan, 2023 . 2 min read

Best Practices to Secure Digital Assets in 2023

We all have many important digital assets like social media accounts, photos, email accounts etc. which contain many important data and information. Have you ever thought about what will happen to them if any unfortunate incident happens to you? Think about it today and secure your digital Assets by making a Will so that they go to safer hands after you.

Understanding the meaning of succession of Digital Assets

A succession of digital assets refers to the transfer of ownership and control of digital assets after the owner passes away or becomes incapacitated. A digital asset can be anything from cryptocurrency to digital media (such as photos and videos), to social media accounts to email accounts to online banking and investment accounts to other digital files.

As the laws governing digital assets can be complex and vary by jurisdiction, it's important to plan for their succession in your estate plan. The Indian judicial system is yet to come up with a law for social media inheritance.

Some steps you can take to plan for the succession of digital assets include:

  1. Keep a record of all your digital assets and accounts, including login information and passwords.
  2. Make a decision about who you want to inherit your digital assets and accounts.
  3. Make a Will and  include instructions in your Will on how to access your digital assets and accounts for your executor or trusted individual.
  4. Use a password manager or other digital tool to securely store and share your login information and passwords with the designated individual(s)

Whenever you share your digital assets or accounts with someone else, it's important to consider the privacy implications. Obtain the consent of the designated individual(s) before including them in your digital asset succession plan by discussing your wishes and concerns with them.

Now it's super easy with AasaanWill to protect your digital assets and assign a trusted individual of your choice to transfer all your personal information at the comfort of your home .Write a Will now and secure your sensitive information today. AasaanWill Zaroori hai.

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