May 2021
Financial Planning

Making Life Easier for Your Loved Ones:  Part 2

Last month we talked about making sure that the names on utility accounts and subscriptions were jointly titled (if appropriate) in order to smooth the transition to your loved ones.

This month on our estate maintenance checklist, we are adding updating information regarding your social media access.  In some cases, sites such as Facebook and Twitter will oblige a verified relative with shutting down access with a copy of a death certificate.  Facebook takes that a bit further by allowing you – while you are still with us – to designate a “legacy contact” to manage your account after you are gone.  That “legacy contact” can use your page to post information about you and your memorial services, but cannot log on or modify information.  There may be reasons your family does wish to remove information or pictures from your social media but now are not allowed to do so.  In order to give your family the best control:

1. Keep login information and passwords somewhere they have access

2. Update your profile in Facebook to take advantage of the Legacy Contact feature

3. Double-check your trust or will to make sure that it contains language relating to “digital media” and how that may be handled upon your passing

We live in a digital world these days and it has certainly made it convenient to share information about ourselves; sometimes that makes it doubly challenging to limit that information to those we wish to have access to it.  A few simple steps helps our family keep this information where it belongs when we no longer can.

If you have questions, please contact us.

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To download the May 2021 Newsletter: CLICK HERE