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Storing estate planning information digitally could help family

A great deal of detail and attention goes into creating an estate plan. Family members and the executor of the estate will need to have access to the information and details regarding the assets and other estate property in order to properly administer it. Otherwise, all of the time and effort put into estate planning by a District of Columbia resident could be for naught. 

Putting all of the required documents and information into one place where it can easily be accessed and used can be problematic. Many people use computers to store all kinds of information such as photos and videos. In addition, more accounts are handled online these days than ever before. Therefore, it might make sense to keep all of the pertinent information regarding a person's estate online as well.

New software is developed all of the time. One company's construction of an online archive could help District of Columbia residents provide their families with all of the information needed in order to handle their affairs when they pass away. The company is undoubtedly hoping that the use of this type of platform will gain popularity.

No matter what method an individual chooses to use, organizing all of the information that will be needed in order to carry out his or her wishes is essential. Many people believe that estate planning stops when they sign on the dotted line, but that is not necessarily the case. There are often follow-up tasks that need to be completed in order to make an already difficult time easier for those left behind.

Source: CNBC, "Do you have life-after-death digital archives?", Leslie Kramer, July 30, 2015

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