The Rise Of E-Estates - Thinking Ahead With Your Digital Assets

Unsurprisingly, over the past decade, there has been a significant rise in the use of Digital Assets. It is estimated that Digital Assets are worth in excess of £20 billion in the UK. As technology advances and our reliance on electronically held assets increases, it is important to consider your own Digital Assets and how best to ensure your digital estate planning is in order.

What are Digital Assets?

While there has been much discussion surrounding Digital Assets, there is currently no statutory definition. Examples include emails,
photos, social media accounts, online-only bank accounts (e.g. PayPal, Monzo etc.), cryptocurrency and music libraries. Similarly to other assets you own, Digital Assets can be passed to your chosen beneficiaries following your death.