Digital Death: Entrustet Founders Execute North America?s First Wills That Incorporate Digital Assets
On of the great people I have the pleasure of meeting at DIgital Death Day was Nate Lustig, founder of Entrustet, a free and secure online service that allows users to prepare last wishes for online accounts and computer files. Nate posted a link to the following digital death ground breaking article below:
Entrustet’s Founders, Alongside Attorneys From Neider and Boucher Add Entrepreneurs’ Digital Assets to Legally Binding Wills. Lustig and Davis used the Entrustet Account Guardian to create their digital asset summary and then Attorney Nathan Dosch integrated these digital assets into a legally binding will.
Entrustet Founders Execute North America?s First Wills That Incorporate Digital Assets
Jesse Davis and Nathan Lustig, founders of Entrustet (www.entrustet.com), a free and secure online service that allows users to prepare last wishes for online accounts and computer files, became the first two people in America to execute legal Wills that incorporate digital assets.
?The wills we completed mark the first time that we have specifically addressed the issue of digital assets in a traditional Will. Using Entrustet and its Account Guardian service made it easy to incorporate the digital asset summary & distribution plan into a legally binding estate plan. I’d feel comfortable repeating the process with any of my current or new clients,? said Attorney Nathan Dosch of Neider and Boucher, SC.
A digital asset is defined as any online account or any information, document, or media stored on one?s computer. Digital assets include emails, photos, videos, music, medical records, legal or financial documents, websites, blogs, social media accounts, or any other digital material or data owned by an individual. Entrustet?s Account Guardian is a unique service that allows people to identify which digital assets people would like deleted upon their death, and which they?d like passed on to an heir.
?People are doing more things online and our digital assets are truly valuable. People really need to start thinking about digital assets when they are doing their estate planning,? said Entrustet?s cofounder Nathan Lustig.
After debuting in beta at South By Southwest, Entrustet launched the free Account Guardian to the public on April 20th, 2010 and has seen significant traction.
?Digital Estate planning has been growing quickly over the past few months,? said Jesse Davis. In the last two months alone, both the American Bar Association?s ?Law Practice Today? webzine and Nolo?s ?Everyday
Estate Planning? blog have released articles stressing the importance of protecting digital possessions and providing tips on how to do so.
To see scanned copies of these unique wills, please contact Entrustet at:
Phone: (608) 561-1441
Entrustet, 30 W. Mifflin St.
Madison WI, 53703
Entrustet (www.entrustet.com) is a free online service that allows you to securely list all of your digital assets, which are online accounts and files on your computer, and decide if you’d like them transferred to heirs or deleted when you pass away. Through its free Account Guardian service, individuals protect their digital assets by deleting them or designating heirs to oversee their personal information after their death. Users can also choose to delete private files and accounts by using the Account Incinerator. Other services include the Lawyer Directory for lawyer referrals and the Corporate Partner Program in which companies can protect their users’ last wishes.
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