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Online Assets 'In Limbo' Warning

According to a recent survey by the Co-Op, more than 94 per cent of all adults in the UK have an online account, yet only a quarter have put in place any mechanism for them to be dealt with after they die.

With the average online asset value exceeding £250, the total value of assets involved is estimated to exceed £17 billion.

If you have online accounts, even if only for books and films, for example, it is sensible to make sure your loved ones are aware of them and can access them after your death. Where the contents have value, this should be made clear, as well as to whom the online assets will belong. If this information is not passed on, the assets will fall into the 'residue' of your estate.

The contents of this article are intended for general information purposes only and shall not be deemed to be, or constitute legal advice. We cannot accept responsibility for any loss as a result of acts or omissions taken in respect of this article.