Viable Solutions to the Digital Estate Planning Dilemma
As society becomes progressively more reliant on technology, leading to the digitization of people’s assets, the need for digital estate planning grows. Many individuals die without any form of digital estate planning in place, leaving their assets unaccounted for in the digital world. Traditional estate planning is ill-suited to adequately dispose of an individual’s digital assets upon their death, so many business have begun to offer their own form of digital estate planning. However, without improvements to online digital estate planning, questions over privacy and security will continue to undermine the efficacy of the estate plan. This Essay examines the increasing role and importance of digital assets, discusses the challenges of traditional estate planning in a digital world, and suggests a strategy for creating a well-developed digital estate plan.