Creating inventories is wise but can be very risky if not done carefully.
Currently, most online service providers have their own terms of agreement that users accept upon “signing up”. By doing so, they often relinquish any rights over the online content after death.
Often the rights they have to begin with are very limited. You think you own your songs and data on your iTunes account? Think again. You own a lease. A lease to use the songs and data for a limited period of time and in limited ways. You don’t own the songs. You can’t give the songs to others.
Australia has no legislation that overrides these agreements either. There isn’t legislation that says your legal representative or executor can access these digital assets if you’re incapacitated or deceased.
Navigating online assets, user agreements and succession law isn’t easy. You should seek legal advice from a wills and estates lawyer that is up to date with this new and growing form of asset.
For people in Adelaide, I can assist you – contact me at email@example.com .