Craig's Corner - Wealth Planning Insights

Monday, March 30, 2015

Your Facebook Page Can Live On Through a Legacy Contact

What sort of estate planning should you do for "digital assets"?

It is commonplace for people to expend time and resources on estate planning involving their physical property and possessions. But what becomes of your digital assets? Will your social networking pages, blogs and photo feeds simply remain on the web, unchanged forever? That is what typically happened on Facebook—until now.

Facebook has announced a new feature, Legacy, which allows you to designate someone to manage your page when you are gone. A family member, friend or whomever you appoint will have certain limited powers to manage your page.

Upon presenting proof of death—a death certificate, obituary or other documentation—your legacy contact can post a death notice, funeral announcement, final message or other information on your Facebook page. He or she can also accept or reject new friend requests and can update profile and cover photos. The legacy contact cannot, however, access your private messages, delete past Facebook posts or photos, or remove any friends.

The option to name a Legacy contact can be found in the "Settings" section on the upper right-hand side of a Facebook page. You can notify the legacy contact you have designated; if you do not, Facebook will not notify the designee of his or her selection until it receives proof of your death from some source. If you are not comfortable with the idea of a legacy contact, you can instead select an option that tells Facebook to delete your account permanently upon your death.

Facebook is, of course, just one of many sites that could outlive you. It might be worth considering leaving specific instructions concerning the handling of your LinkedIn connections, Pinterest pins, Spotify playlists and so on.

While other issues may take precedence, it is becoming increasingly important to consider your digital assets as a topic for discussion with your estate planner. Experienced Nevada estate and business planning attorney Craig Stone has the knowledge to effectively advise you about all aspects of your estate plan. Call (877)905-0890 for a consultation today.

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S. Craig Stone II of Stone Law Offices, Ltd. serves clients throughout Clark County, Southern NV, Las Vegas, Henderson, Boulder City, North Las Vegas, Summerlin, Carson City, Reno, Washoe County, and Nye County. Also serving clients with asset protection nationwide.

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