What happens to your digital assets when you die?
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From banking and social networking to storing pictures and listening to music, we can do everything digitally these days. But what happens to these digital assets and online accounts when we die? Moneywise investigates.
By Helen Knapman
Just one in four (23%) adults has organised their financial information well enough to allow their loved ones to handle their financial affairs relatively easily on death, while more than one in ten (12%) admitted that it would be very difficult for anyone to handle their financial affairs after they died.
31 million at risk of dying without a will
These were the findings of research published earlier this year by financial provider Royal London. But to complicate our financial information further, we now live in a digital world where paper trails aren’t left as handy clues for executors trying to sort out the wishes laid out in wills.
Gary Rycroft, a partner at Joseph A. Jones & Co Solicitors in Lancaster, explains: ‘Back in the day, it was easy fo...
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