I recently read an article about how only 20% of adults over 30 have referenced their digital assets within their Will.
The Associate of Lifetime Lawyers produced research that said that 86% of UK adults over 30 have digital assets… so why have only 20% referenced them within their Will?
Digital assets include anything that may be held in a digital/ cloud format, for example, cryptocurrencies, social media, hard drives and so on.
I always ensure that I raise the point about digital assets, and whether they want us to make reference to giving their loved ones access to their digital assets, or limiting access to certain accounts… A practical example from the recent past: I had a young man as a client, and he asked me to make reference to his mother not having access to his Tinder account. Makes perfect sense, doesn't it?
The majority of us have digital assets these days, so make sure these are referenced within your Will, and how you want them dealt with.
Please contact me with any questions you may have!
0207 183 4595
The information provided in this article is not intended to constitute professional advice and you should take full and comprehensive legal, accountancy or financial advice as appropriate on your individual circumstances by a fully qualified Solicitor, Accountant or Financial Advisor/Mortgage Broker before you embark on any course of action.
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