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What is Elder Law in New York 2024?
elder law

WHAT IS ELDER LAW?

Understanding Elder Law in New York 2024 As individuals age, their legal needs evolve, requiring specialized expertise in areas affecting their health, assets, and legacy.

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All About Trusts and Wills in New York
Estate Planning

All About Trusts and Wills in New York

Understanding Trusts and Wills in New York: Essential Tools for Estate Planning Planning for the future requires careful attention to detail, especially when it involves

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Attorney for Wills and Trusts
Estate Planning

Attorney for Wills and Trusts

Discover expert guidance for Wills and Trusts in New York. Morgan Legal Group provides personalized estate planning for peace of mind.

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Different Types of Wills in New York
Estate Planning

Different Types of Wills in New York

Understanding Different Types of Wills in New York Wills are critical estate planning documents that allow individuals to express how they want their assets distributed

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Common Probate Issues In New York
Estate Planning

Common Probate Issues In New York

Common Probate Issues Probate is a legal process that occurs after an individual passes away, involving the distribution of their assets according to their will,

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Estate Planning Tips in New York - Morgan Legal Group
Estate Planning

Estate Planning Tips:

Estate Planning Tips in New York Estate planning is a vital process for ensuring that your assets are protected, your healthcare decisions are respected, and

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Guardianship Attorney in NYC
Guardianship

Guardianship Attorney

Guardianship Attorney in NYC In New York City, the need for guardianship arises when an individual can no longer make decisions for themselves due to

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When an individual dies, all his material property is transferred according to his written will. But what alternatives are for digital assets? What can be done to social media accounts, emails, YouTube videos, etc.?

Of course, a person can hand over complete control of his digital estate to his beneficiaries. But the main reason to avoid such actions is the risk of post-mortem fraud, which has become increasingly frequent in recent years. The family members sometimes experience not only online defamation but even financial fraud performed on behalf of the defunct person.

Memorialization and Facebook

When the Facebook account is memorialized, a “remembering” icon is set near the deceased person’s name. Besides, the account can’t be logged into, preventing fraudsters from gaining access to the profile. The positive aspect is that family and friends can post memories on the timeline. The memorialized account is also removed from public options like birthday reminders, ads, friend suggestions, cherishing the deceased person’s memory, and saving it from fraud.

Twitter’s Policy

Other social networks like Twitter do not provide such a luxury approach as memorializing. Their solution is permanent and plain – the account is deactivated at the beneficiary’s request.

Google account

Over the last decade, cloud networks appeared to be the primary storage space for all information types. But when a person passes away, his account is left inaccessible. That is why Google developed the “Inactive Account Manager” solution, which allows the user to set the required amount of time. When this time is over (usually 3-12 months), the media from the inactive account is transferred to the chosen beneficiaries. Besides, Google offers the option to delete all files from the report, including Picasa albums, YouTube videos, etc., after the same inactivity period.

PayPal accounts

As PayPal is the largest payment platform in the USA, it offers perfect and safe ways to recover the deceased person’s assets. The money transfer usually occurs when PayPal receives official documents from the estate executor, including a cover sheet that acknowledges the account holder’s death, the executor’s written wish to close the account, documents verifying the executor’s identity, etc.

Suppose you have any questions about transferring digital assets. In that case, you can always contact Morgan Legal Group PC – our legal professional team specializes in moving. You can always get Morgan Legal Group PC – our team of legal professionals specializing in asset protection.

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