The information in this fact sheet is intended for informational purposes only and should not be taken as legal advice.
A Will is a Legal document that represents a person’s wishes on the distribution of their estate once they pass away. Standard Wills cover your tangible assets and property – but what about your online property?
Social Media Accounts
What will occur to your social media accounts such as Facebook when you pass away? If this is of concern to you, you should include a clause in your Will that instructs your Executor to delete your accounts upon your passing or permit access by way of password. This also applies to email accounts (please note that some email providers will give loved ones a copy of all photos and emails in the email account, but will not permit access).
Many people are under the impression that when they purchase a song from music providers such as iTunes, they own the song in the same way as if they bought a CD from a store. It may be the intention of some to pass down their online music collection to their beneficiaries when they pass. However, most online music providers have a Licence Agreement that only gives the user permission to use the song during their lifetime. The songs you have purchased from iTunes are only Licenced to you for the duration of your life – you do not own the song and as such cannot make provision in your Will to transfer the songs to another.
Online Banking and PayPal
Unlike the above, you do not require a provision in your Will that deals with your online bank and PayPal accounts. Depending on the provisions in your Will, your beneficiaries will be able to gain access to the funds within online accounts using standard procedures.
If you are in need of a Will, or would like to update a Will please contact D’Angelo Legal on 9381 1147 or email@example.com to arrange an appointment.