Writing A Will? Don't Forget Your Online Accounts

The internet has become one of, if not the most popular way of conducting transactions in the world today. It presents the opportunity for individuals to complete different types of transactions without having to even leave their homes. This has proven to be an advantage for people who are incapacitated, ill, or those who have illnesses which render them incapable of moving around as much as they want to or used to. As long as they are able to use a computer or the internet, they can complete their transactions. For each transaction that is done online, a password is required to protect the information of the user on the site.

These passwords can become lost, hacked into, or stolen if they are not protected. In addition to this, trusted family members or friends should be able to gain access in the event of something happening to the owner of these accounts. Apart from ensuring that you leave a will that distributes your property to your family members in the event of your demise, you will also have to ensure that everything else that you do online is included. With the amount of transactions that are done on the internet on a daily basis, there are many passwords and account numbers to remember when the will is being made up.

Your assets that you accumulate online are just as important as those that were gotten offline. This can be in terms of money, accounts that generate income over time, such as internet marketing or other such accounts, or even blogs or websites that have the potential of generating an income over a period of time. The sources of income on the internet are in no way exhaustive, and more ways are being introduced each day. E-State planning ensures that your assets are protected if something happens to you. Some of the ways in which you can protect yourself and your assets online are as follows:

Ten Steps To Successful E-State Planning

-Ensure that you write down each account that you have online, as there can be many and some are easily forgotten.

-Give access to these accounts to a family member that you can trust. Preferably someone who has little online experience.

-Keep your accounts up to date to avoid being locked out of them.

-Never give your passwords to anyone who requests them in an email or any chat room online, no matter how close you are to them.

-Because of the uncertainty of life events, compile the list of passwords and usernames well in advance in case something happens. You can add other information to it as you accumulate more assets online.

-Some people do everything online, work, pay bills, buy stocks, FX trading, banking, store their files, operate a store, website; or blog, or employ people and track their performances online. In the event that something happens, this should not have to be stopped, but passed on to a family member or friend who is capable of continuing with them.

-If possible, in the same way that you handle a bank account, add another person to your account, even if they are not able to effect transactions by themselves.

-For those accounts that have the potential of earning online, such as affiliate marketing, advertising or even blogging, ensure that you show someone else how to operate these accounts instead of making them get lost in cyberspace.

-Just remember that there is absolutely no where online right now that tells you where your assets will go if you are unable to access your account. Prevent this from happening by taking the necessary steps to protect your assets.

-People have earned exorbitant amounts of money online; internet millionaires are many and the number increases each year. It would be a shame to lose money because of a lack of planning or effort on your part. Even funds that have been sent to a bank account can take a while and arrive after someone is not around anymore.  This can and should be prevented at all cost.

How Popular Is E-State Planning?

E-State Planning is becoming more and more popular with each passing day because of the exponential growth of online participation. More people have chosen to work, and by extension, complete their transactions online. Most sites online require the use of a username and a password as well as the personal information of the user.

Attempting to remember these passwords may become futile after a while, and it is not smart to use one password for each account. This is because if someone guesses one password, they will have access to all of your accounts. Instead, make them try to figure out the different passwords. Birthdates, phone numbers, street numbers and license plate numbers and other information that can be easily guessed are bad ideas for a password.

Can The Police Help If Your Account Is Hacked?

People will try to guess other people’s passwords. There are criminals on the internet whose only job is to try to do so. They will contact you under false pretenses, be it for a job, saying they know you, or even telling you that a friend recommended you, and send links for you to click on and input your username and passwords so that they can gain access to your accounts, or try many other devious ways to get this information.

IP addresses, which are used to ascertain the location of the user, can be cloaked, changed or left blank to avoid detection by police or cyber cops. For this reason, many people are afraid of even going online, much less giving out their passwords. They are convinced that no one is to be trusted and the police will not see the infiltration of an online account as a priority. For some people, it is inconceivable to give their passwords to even their family members, especially if they stand to gain from it.

What Happens To Online Accounts That Have Not Been Accessed?

No one really knows what happens to online accounts that have not been accessed over time. They will not disappear into cyberspace. If someone does not hack into them, do the hosting sites get access? If you are not sure what happens to these passwords, then you should do your best to protect them and pass them on to your family members.

Sites That Protect Your Assets Online

Social media accounts, stock trading accounts, and any other account that you have online are important. Several sites have been dedicated to the safety and protection of your online assets. They can be passed on to others who you deem trustworthy upon your instructions. These sites offer a fool-proof way for you to protect your assets. Virtual assets can become more valuable over time as you can make money even while you sleep.

The internet is up 24 hours per day and is accessed worldwide. Even though it may seem a morbid topic, no one really knows how long they have in this world and should act while they can to protect their assets and ensure that it is passed on to the right individuals in the event of their untimely demise.

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