๐พ๐๐ ๐๐๐๐ ๐๐๐๐๐๐ ๐๐ ๐๐๐๐ ๐ ๐๐๐๐๐๐ ๐๐๐๐๐๐ ๐๐๐๐๐๐๐๐ ๐๐๐๐ ๐๐๐ ๐๐๐ ๐ ๐๐๐ ?
Most people do not leave any documentation detailing their digital estate such as online subscriptions and/or digital assets (think ๐ต cryptocurrencies, ๐ฑ NFTs). Hence, upon their death, it is doubtful oneโs family member will think about the deceasedโs digital estate until accumulated unpaid bills find their way to them. It is, therefore, imperative to do so, especially in wills as this will (pun intended) come in handy for the deceased family members to settle matters easily with the relevant organisations.
A recent Straits Times article highlighted that as digital services are increasingly becoming intertwined with peopleโs lives, there are more queries on handling their digital assets in legal documents such as wills. Unfortunately, the take up rate is still on the low side. Optimistically, as the younger generation who are more tech savvy consider preparing their wills, this trend may grow.
If you consider including digital assets or online accounts in your will, it would be extremely helpful to provide specific and vital information so that the exact account(s) can be located, and organisation(s) can be contacted expeditiously. This helps prevent fishing expeditions undertaken by lawyers or family members which can be time-consuming and hence costly. In addition, with the immense and rapid rise in online scams, it is extremely important not to leave digital assets/accounts unattended, to prevent identity theft and incurring further charges.ย
Do consult a trusted professional to find out more about the process and requirements in handling digital estate. Do it for your loved ones ๐.
๐ฉ ๐๐ผ๐ถ๐ป ๐จ๐ ๐๐ป ๐๐ต๐ฒ ๐จ๐ฝ๐ฐ๐ผ๐บ๐ถ๐ป๐ด ๐ฃ๐ต๐๐๐ถ๐ฐ๐ฎ๐น ๐ช๐ถ๐น๐น ๐ช๐ฟ๐ถ๐๐ถ๐ป๐ด ๐ฆ๐ฒ๐บ๐ถ๐ป๐ฎ๐ฟ ๐ฉ
โ ๐ง๐ถ๐๐น๐ฒ: ๐ฌ๐ผ๐๐ฟ ๐ช๐ถ๐๐ต, ๐ฌ๐ผ๐๐ฟ ๐ช๐ถ๐น๐น, ๐ฌ๐ผ๐๐ฟ ๐ช๐ฎ๐ โ
๐ ๐๐๐ญ๐ก ๐๐๐ฉ๐ญ ๐๐๐๐, ๐๐๐ญ โ ๐๐๐๐ฆ
๐๐๐๐ ๐๐๐๐๐ก ๐๐, #๐๐-๐๐/๐๐ ๐๐๐ญ๐๐ฐ๐๐ฒ ๐๐๐ฌ๐ญ, ๐๐ข๐ง๐ ๐๐ฉ๐จ๐ซ๐ ๐๐๐๐๐๐ (๐๐๐๐ซ๐๐ฌ๐ญ ๐๐๐: ๐๐ฎ๐ ๐ข๐ฌ)ย
โ ๐ฅ๐ฒ๐ด๐ถ๐๐๐ฒ๐ฟ ๐๐ฒ๐ฟ๐ฒ https://engage.fa.com.sg/events/zephanielau/30septwillwriting/
๐ Linkin Bio
๐ฉ ๐๐ฏ๐ผ๐๐ ๐บ๐ฒ – https://engage.fa.com.sg/zephanielau/
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Important: The information and opinions in this article are for general information purposes only. They should not be relied on as professional financial advice. Readers should seek independent financial advice that is customised to their specific financial objectives, situations & needs. This advertisement or publication has not been reviewed by the Monetary Authority of Singapore.
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