It is the normal course of events to record your wishes in a Will in respect of how your assets should be dealt with upon your death, but what about one’s “digital assets”? By this I mean your social media accounts such as Facebook, Instagram, Twitter, LinkedIn, just to name a few.
While a monetary value cannot be attached to these so-called “digital assets” and as such they won’t be included in your Liquidation and Distribution account, there is personal value in them not only in the photographs posted but in the personal information shared and these “assets” too need to be dealt with in the administration of the deceased estate.
It can therefore be recommended that these so-called digital assets or your wishes on how to administer them be included in your last will and testament.
If we just look at the terms of Facebook, there are settings where you can elect to appoint a legacy contact who will notify Facebook of your death and in doing so will “memorialise” your profile alternatively you can elect to permanently delete your profile. However both these options do have their cons.
“You will not share your password, let anyone else access your account, or do anything else that may jeopardise the security of your account.”
Bearing all the above in mind, and considering the importance of your personal information, it can then be recommended that you state what you wish for your family and/or executor to do with your Facebook account but recording your personal log in details in a separate addendum (not a codicil) so that your personal and private account details are not a matter of public record.