Dealing with death in the digital age

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POSTED: Wednesday, February 22, 2012 - 6:22pm

UPDATED: Wednesday, February 22, 2012 - 7:18pm

It's not fun to talk about ... but we all gotta do it.

What's going to happen to your family and your stuff when you pass on?

With the changing technology, some may think about changing the way they do things. .

For the older generation, everything from bills to wills and other important information was left in paper form.

But with people doing more and more online, it brings up questions of whether we should change the process of how we prepare for the future.
 

"With the digital age, the personalization of funerals has become more so," said Ryan Allen of Stewart Family Funeral Home. "We're making slide shows for families and we're getting trained on how to web broadcast a funeral."

The days of faxing or running written obituaries to the paper is no longer necessary.

So when it comes to your will, the days may be near where those need to be done differently, too.

"In the past, children might be able to sit down and go through the paperwork and discover things from the hard copies that are available," said Jay Oliver of Adams Financial Group. "If it's all electronically stored, then they simply wouldn't stumble upon it, so they are going to need to know where to start looking."

Oliver suggests leaving instructions for family members, including who they need to talk to, where the assets are kept, names of banks, insurance companies, broker dealers and financial advisors who may be able to assist them in the transition.

Though Allen says he hasn't ran into any problems yet when it comes to surviving family members accessing what they need, he thinks it's coming.

"We have more problem with something being locked up in a safety deposit box now, but I can see in the next 10 to 20 years that will be an issue," Allen said.

The best advice is to plan ahead and leave online information with a financial planner so it's in safe keeping.

For more tips, visit http://www.adamsfinancialgroup.com/.

More sources: http://www.stewartfamilyfuneral.com/

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