While life is moving along at its "normal" cadence, it is easy to fall into a false sense of security. Bad things happen to other people, in other places, and will not affect me or my family and loved ones. Then, at a moment's notice, life hits like a ton-of-bricks. Car accidents, unknown health issues, the loss of employment, the end of relationships are all examples of life quickly reminding us that there are many things out of our control.
The 2019 novel coronavirus (2019-nCoV), or COVID-19, has quickly impacted the entire world. As of February 13, 2020, COVID-19 has spread to 120 different countries across the world (Vara, V., 2020). We first learned of the virus on Dec 31, 2019 (ncbnews.com, 2020); within just a few month's time, the virus has impacted everyone in the world to some degree, no matter where they live or how much money they have. Travel restrictions, closed schools, social distancing, supply chain disruptions, we are all having to adjust and adapt to this situation that is changing at a daily rate. Life happens fast, and does not take our schedules and plans into consideration. COVID-19 is serving as a wake up call for us all; we must learn to prepare for the unexpected.
Death comes for us all, and like COVID-19, we do not get to choose when that is. When your time ultimately does come, the daily lives of your family and loved ones will be immediately affected. Their normal routine will come to an abrupt halt to plan, prepare and to execute your final arrangements, as well as to say goodbye. They will be filled with stress, extreme emotions and a deep sadness that may make them want to isolate themselves, but they need to keep moving to honor you and your last chapter. You can take action, today, to protect them and make this difficult time a little easier.
As technology has become a main component to most aspects of our lives, we are constantly building a digital footprint. Take a moment to think about all the different aspects of your daily digital life:
Those are just some examples of what could be an endless list. In our current society, we need to consider what happens to our digital lives when we pass (our digital death). Digital Estate Planning is now becoming a requirement during your estate planning process.
Digital Death is the process of planning and taking action to control what happens to your digital information, as well as controlling who will receive the information, documents, photos and account passwords when you pass.
Estate planning is the process of anticipating and arranging, during a person's life, for the management and disposal of that person's estate during the person's life and at and after death, while minimizing gift, estate, generation skipping transfer, and income tax (Wikipedia, 2010). Digital Estate Planning is an expansion of this common process. Estate planning can make things easier for your loved ones after you pass. You can think out how you'd like each part of your life settled - accounts and debts, property, funeral arrangements, etc. Your digital property is no different.
Take control, and make sure you are ready for your last and biggest unexpected event. Your action today will ensure your protection and peace of mind by making sure your loved ones get the documents, photos, and files you intended for them in an organized manner, all while protecting them from cyber crime, and protecting your legacy.
Did you know that In 48 hours, your unaccounted for digital footprint can cause your loved ones tremendous burden, stress and expense, all while leaving your entire life and legacy forever tarnished. "I am dead, why should I care, what is the worst that can happen?":
Cybercrime is now more profitable than the global illegal drug trade
According to AARP, it can take six months for financial institutions, credit-reporting bureaus and the Social Security Administration to receive, share or register death records. When you consider that timeframe and that cybercrime is now more profitable than the global illegal drug trade, your digital estate is the perfect target for criminals. We must now consider, protect and organize our digital lives in preparation of our digital death.
Final Security is a digital estate planning company that protects your digital estate through our three main services:
Use our Digital Estate Risk Assessment Calculator to understand your risks and how to properly handle them. You will get your free personalized digital estate planning report in just a few minutes.
Coronavirus timeline: Tracking the critical moments of COVID-19. (2020). NBC News. Retrieved from: https://www.nbcnews.com/health/health-news/coronavirus-timeline-tracking-critical-moments-covid-19-n1154341
Vara, V., Vara, V., & Vara, V. (2020). Coronavirus outbreak: The countries affected so far. Pharmaceutical-technology.com. Retrieved from: https://www.pharmaceutical-technology.com/features/coronavirus-outbreak-the-countries-affected/
Estate planning. (2010). En.wikipedia.org. From: https://en.wikipedia.org/wiki/Estate_planning