Digital Estate

Digital estate planning helps ensure that your digital assets—email, photos, social media accounts and other online tools—are properly managed and distributed in the event of your death or incapacity.

WHAT IS DIGITAL ESTATE PLANNING?

Digital estate planning is the process of managing and protecting your digital assets, including online accounts, digital files, and cryptocurrencies, in the event of your death or incapacity. It helps you ensure that your digital assets are properly managed and preserved, according to your wishes.

Our estate planners will work with you to develop a digital estate plan to ensure your loved ones have access to your digital legacy.

DIGITAL EXECUTOR

A digital executor is a person appointed in your digital estate plans that works with your Will-appointed executor to execute your wishes regarding your digital estate.

While not an official and legal appointment, it is still an important role to provide technical assistance to your primary executor.

MEMORANDUM OF ASSETS

A memorandum of digital assets is a document that lists your digital assets and instructions for how they should be managed and distributed in the event of your death or incapacity.

This document is separate from a will and can be updated more frequently than a will, as digital assets and accounts may change over time.

Why you need a Digital Estate Plan

Benefits of a Digital Estate Plan

FACILITATE ACCESS TO INFORMATION
A lot of our real lives are stored digitally online and in our emails, like statements of financial assets, bank accounts etc. Ready access to these information will greatly facilitate estate administration.
AVOIDING FINANCIAL LOSS
Valuable digital assets like cryptocurrencies and online businesses can be irretrievably loss if proper plans to document their access are not put in place in the event of death or loss of mental capacity.
PREVENTING LOSS OF SENTIMENTAL VALUE
Digital assets like photos and videos of your children's birth, first birthday party, first words etc are priceless. They can be lost permanently if credentials to their online storage is loss.
REDUCE RISK OF IDENTITY THEFT
Digital estate planning reduces the risk that your online accounts and identity are not hijacked by malicious actors for nefarious uses when you are no longer around to detect such compromises.
MAINTAIN CONFIDENTIALITY
Your digital estate plan can include instructions to remove your online footprint as much as possible to maintain your confidentiality after your demise.
COMPLYING WITH RELEVANT REGULATIONS
Digital estate planning can help ensure that an individual's digital assets are managed in compliance with relevant laws and regulations, such as data privacy laws and regulations governing cryptocurrencies.

Process

This is the process we use to help you develop a Digital Estate Plan

INITIAL CALL

We start with a "no obligations" call to understand your needs, to determine if we can meet your needs and to help you understand the overall process and estimated costs.

CONFIRM ENGAGEMENT

Once you are comfortable with the process and pricing, we will confirm the engagement with you by signing a Letter of Engagement and collecting a deposit payment.

FACT FIND

Next step is to understand and document your wishes and intentions. This will include what digital assets you have, what you want to do with them and who are the beneficiaries for digital assets you wish to distribute.

REVIEW AND AMEND

After the Fact Finding process is done, a draft of your digital estate plan will be made available for your review and clarification. Amendments can be made at this stage to accommodate changes in intentions.

FINALISE AND SIGN

Once the draft documents are approved, we will arrange to sign the digital estate plan and store it together with your Will. Any final payments will be made at this point.

Pricing

Starting cost for Digital Estate Plan drafting services. Final cost depends on complexity of instructions.

DIGITAL ESTATE

Drafting fees are in SGD and start from

$1,000

Before GST

DISBURSEMENTS

Possible disbursements in SGD and start from

$200

Before GST

Digital Estate

WHAT IS DIGITAL ESTATE PLANNING?

DIGITAL EXECUTOR

MEMORANDUM OF ASSETS

Why you need a Digital Estate Plan

Benefits of a Digital Estate Plan

FACILITATE ACCESS TO INFORMATION

AVOIDING FINANCIAL LOSS

PREVENTING LOSS OF SENTIMENTAL VALUE

REDUCE RISK OF IDENTITY THEFT

MAINTAIN CONFIDENTIALITY

COMPLYING WITH RELEVANT REGULATIONS