Thousands of pounds worth of music and digital media are being potentially thrown away because people are forgetting to include passwords to their digital assets in their wills, according to a new study.
Entitled Dying in a Digital Age and commissioned by Remember a Charity, the research found that 80 per cent of people own digital assets, but only nine per cent have thought about passing them on when they die.
Remember a Charity director Rob Cope said: “Bank accounts, music and photograph collections are increasingly stored online. This report shows that we should all take a moment to think about our own digital footprint and who we’ll pass it on to.”
The study, which polled 2,000 people, found that:
– over half of respondents (56 per cent) said they have a digital music collection, with 45 per cent valuing it at over £100 and 10 per cent at over £1,000.
– A third of people own smartphone apps (34 per cent) with 20 per cent saying their collections are worth over £100.
One expert said: “This is an area that most people simply haven’t considered. Yet there are enormous implications. The bereaved may find that they cannot access important online possessions that belonged to the deceased. Aside from the financial value, there is ever-increasing sentimental value in people’s online possessions. For example, photos were traditionally kept in albums, but more and more are now stored online.”
