Thursday, March 12, 2009

Digital Will

So you have developed a nice little presence on the internet, have a nice bolg, a well balance paypal account, your podcasting solution, your social networking profile, your online shared photos , files and documents, may be you have pending cretits at online stores like the itunes store. Ever wondered what would happen to them in the sad event of your death or incapacitation ?
 You would think that the accounts will pass over to your family, but sadly that's not the case. If you read the entire Terms and conditions shown while registering for the website, you will realise that most of time the information there in is not actually your property - it belongs to the service and you are just being leased access to it. This is especially true in case of free services. And in most cases the access is not transferrable. So, your relatives are going to have a hard time getting access to that information, or even trying to close down public access to it - like for example : your facebook profile.
 That's where LegacyLocker comes in. You enter your account information , referred to as Digital Assets and select benificiaries for each Asset separately - for example your PayPal information may go to your spouse or your online documents to your business partners, and so on and the details are stored with them using very high level of security . On the event of passing away your death is confirmed by contacting two 'verifiers' - who are people whom you can trust to convey the true information, and by your physical death certificate and then your assets are securely transferred to your benificiaries.
There's a one time fee or an annual fee. The service is also available for free but you are restricted to 3 assets and 1 beneficiary.

Legacy Locker - http://www.legacylocker.com/