Personal Asset Log (Page 4 of 4) in pdf

Personal Asset Log Page 4

DIGITAL ASSETS

As more people open accounts on line it is important to be aware of your digital assets. These can

include:-

 Financial Assets – e.g. bank accounts or

 Online auction sites – eg eBay, Gumtree

 Personal Medical Records

shareholdings

 Social Media e.g. Facebook, Twitter

 Blogs

 Email Accounts

 Domain names and Websites

 Multimedia Downloads e.g. ITunes

 Cloud Storage

 Government Departments – eg HMRC

We would suggest you make a list of these. You may want to SECURELY store the account

details and passwords in a way that someone nominated can access them after your death

or if you become mentally incapable. It is important to regularly update your asset list. You

can store it in hardcopy or there are various online sites which allow you to do so, e.g.

Cirrus Legacy, Legacy Locker and Edeneo.

Some entities offer the option of appointing a third party to have the authority to access

your account if you have not used it for a certain period of time e.g. Google’s ‘inactive

account manager’.

You may wish to keep a hardcopy of essential information and accounts e.g. key

statements and emails.

Why is this important?

Some organisations terms and conditions allow them to deduct funds from your inactive

account or wipe data held within it if not used for a certain period of time

e.g.

888 Poker will charge dormant accounts 10% per month

Ladbrokes will charge dormant accounts 5% per month

Paypal close accounts and transfer the balance to Luxembourg holding account

Dropbox and Flickr may delete all your fil es after 90 days

Personal Asset Log Page 4