Digital Asset security
important in both life and death…
The population are busy accumulating
digital assets. This might be a host of
photos on social media, to a small fortune
in your betting or PayPal account.
When you think more about it, we seem to
live our lives online these days and one of
the ways we can easily ‘lose our identity’ is
through having our email accounts hacked.
Our email addresses tend to be linked to
our social media platforms, bank accounts,
utilities, TV contracts and so much more
with a potential for untold damage.
Keeping your assets secure is certainly
essential. Having secure passwords is
incredibly important but remembering these
details can be a challenge at times.
With this in mind you or your clients may
wish to open a life vault through the Society
of Will Writers.
The life vault is opened during your lifetime.
It allows you to securely store bank details,
passwords, life insurance information,
pension statements, and information about
shares, videos you’ve recorded for your
family for when you’ve passed away as
well as copies of your Will, LPA and other
important estate planning tools.
• You don’t have a life vault. You can’t
prove your identity at the embassy.
You can’t cancel your credit card with
your bank. You can’t notify your travel
insurance provider what happened
without great difficulty.
• You have a vault. Using your secure
logins you have access to your travel
insurance documents, copies of your
driving license, passport and have your
national insurance number. In addition
you can access your bank details and
can notify your bank that your card has
been stolen.
There is so much more to the vault than
simple storage. The vault can be used to
collate all the information an executor would
need after a testator passed away. Copies
of their Will, or information as to where the
original is stored, life insurance information
and passwords for online accounts are
examples of things that would save time
when it comes to probate.
Speak to your advisor about the Safe4 Life
Vault, or find a member in your area at:
www.willwriters.com/members
Not convinced? Consider this. You’re
travelling abroad. On arrival your luggage
has gone missing. Your day gets worse,
you get mugged and your passport, driving
license and wallet get stolen. Here are two
possible outcomes:
The Society of Will Writers
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