If you have Facebook, Twitter, Instagram or KiwiSaver then you need a Will.
Did you know that your Will can set out what you want to have happen with your Facebook, Twitter, Instagram, and other online accounts? How do you want your profiles managed after your death? Many young people feel that they don’t need a Will because they don’t have any assets. Your online profiles are one example of property that needs to be dealt with that you may have overlooked.
Do you want your account to remain active, or would you prefer it closed? How long do you want to give grieving family and friends to post to your pages before they are closed? These are the sorts of things your Will can specify.
Digital profiles have the ability to live on, long after death. If that is not what you want, you need to let people know, and your Will can do that. Your lawyer can keep a list of your online accounts and your passwords (sealed and confidential of course), with your Will, in their deeds safe. Those passwords are only used after your death, and in accordance with the instruction provided in your Will.
Another overlooked asset is KiwiSaver. It doesn’t take long to accumulate a significant sum in your KiwiSaver account. If you don’t have a Will, your family have a long, expensive process to go through to get access to your KiwiSaver funds. Without a Will, you can’t specify who will receive those funds, and they may go to someone you didn’t want to benefit.