DIGITAL LEGACIES’ ARE ON THE RISE

When it comes to making a Will, it is quite likely that you will think long and hard about whom you wish to inherit your home, your money and your personal possessions. However, have you ever considered whom you would like to benefit from your digital assets which can include: films, videos, music, e-books and Apps which now are more frequently being stored with the assistance of on-line ‘Cloud’ services.

Recent research carried out by the Centre for Creative and Social Technology (CAST) at the University of London for their ‘Cloud Generation’ report found that just over 1 in 10 of 2,000 British people surveyed had included, or planned to include, internet passwords in their Wills in a trend that CAST have labeled ‘Digital Inheritance’.

With more and more of our data being saved on-line by making use of services run by remote computers, known as ‘Clouds’, rather than being saved direct to a PC, this is an area which is likely to increase over the coming years. However, unfortunately, it is also open to abuse should your security passwords fall into the wrong hands!

Tom Lawrence, Partner and Head of the Wills and Probate Team at Rogers & Norton, said “The reliance placed by most of us on all things technological is showing no signs of slowing down. I am finding more often that clients are looking for sensible solutions to protect on-line assets for themselves and their families in the future. This can be as simple as keeping an up-to-date schedule of internet passwords and usernames with their Will, which can then be stored securely”.

If you would like to discuss this article, or any other matter relating to Wills, Trusts, and Estate Planning, please contact Tom Lawrence on 01603 675610, or e-mail tl@rogers-norton.co.uk.