The winding up of a deceased person’s estate can be complex but nowadays there is an additional area that needs to be considered and that is what sort of digital life the person had.
The use of the Internet for things such as banking, share dealing, the purchase of goods and services and for personal contact has meant that a whole new area has sprung up. Indeed much of a person’s online life may not be known to the next of kin. This in turn can mean the possibility of hidden assets, both digital and physical, as well as contact with a number of online friends. What advice are you giving your clients in this area, if any?
The controlling and closing down of this digital world is extremely important, not only to protect from identity theft, but to possibly uncover a range of hidden assets and/or liabilities.
In order to wind up an estate thought should be given to this area and a plan implemented that will result in the safe guarding of the deceased person’s online assets and their identity.
The Digital Undertakers can offer advice and consultancy and assist with this complex area. If you want to ask us any questions please just get in touch.