What happens to your digital assets after death?
Key points at a glance
- Digital assets include everything from cryptocurrency to email and social media accounts
- Some assets have financial value, others hold sentimental importance
- Access can be lost without the correct login information or permissions
- Planning ahead helps reduce delays, costs, and stress for your loved ones
- Your Will should include clear instructions for both physical and digital assets
What are digital assets?
Digital assets are now a routine part of everyday life. They include:
- Cryptocurrency and online investment platforms
- Online bank accounts
- Email accounts and cloud storage
- Subscription services
- Social media profiles
While some assets may carry significant financial value others, such as photos or personal messages, can be deeply meaningful to loved ones.
Why are digital assets often overlooked?
Unlike physical possessions, digital assets can be easy to miss. There is often no tangible record, and in some cases, family members may not even be aware they exist.
Even when they are known, gaining access can present challenges. Many platforms have strict security protocols, and without the correct login details or permissions, accounts may remain inaccessible.
The risks of not planning ahead
One of the most significant issues is access to login credentials or security keys after death. This is particularly important for cryptocurrency: if a private key is lost, access to the asset may be gone permanently.
For social media and online platforms, some providers offer tools such as legacy contacts or account memorialisation. However, these features are not always widely used or understood.
How to protect your digital legacy
Taking time to organise your digital assets now can make a meaningful difference later. Practical steps include:
- Keeping an up-to-date record of accounts and access details
- Reducing unnecessary or unused accounts
- Ensuring your Will clearly covers digital as well as physical assets
This can help ensure your wishes are followed while making things simpler for those managing your estate.
For more information about how estates are handled, visit our Probate and Administration page. (Probate & Estate Administration – SJP Law) or our article DIY Probate in England – Understanding the Risks – SJP Law. You can also explore how our Private Client services support long-term planning (Family Business Succession Planning – SJP Law).
“Digital assets are increasingly forming a significant part of an individual’s estate, yet they are often overlooked in estate planning. Without clear instructions and access arrangements, these assets can be difficult, if not impossible, to recover.”
Alice Reeson, Solicitor, SJP Law
Planning ahead brings peace of mind
Putting the right arrangements in place can help minimise delays, reduce unnecessary costs, and provide reassurance for both you and your loved ones.
If you would like to discuss managing your digital assets or reviewing your wider estate planning, you can contact our SJP Law team on 01482 324591 or [email protected] for guidance.
