Twitter Afterlife

Let’s talk about Wills …

We welcome IWC Wills and Probate as new members of PlannedDeparture family. They are our latest partners. You can find more information about them here

So now we will be talking a bit about Wills.

What is a will?

A will is a legal document stating the distribution of property after death. A list of names of one or more individuals as beneficiaries or charities. It can also include the care of minor children. It declares your intentions of what specifically you would want done to your possessions and wealth.

There are 11 types of wills.

• Joint Will
• Attested Will
• Living Will
• Video Will
• Mutual Will
• Conditional Will
• Testamentary Trust Will
• Pour-Over Will
• Trust Will
• Mirror Will
• Holographic will

Making a will gives you sole discretion over the distribution of your assets including your digital assets.

Have you ever asked yourself what would happen to your digital legacy when you pass away? Read what happens here.

What can be in your will?

It is everything you want it to be. From sentimental objects, properties, online accounts and passwords, money, debts, family heirlooms etc.

How to make a will?

You can also make it yourself online with the help of software programmes and websites but if you have any questions you can get assistance from a lawyer or solicitor. Read more about the requirements of making a will here.

If you haven’t already made one, make one now…

Don’t forget that your digital assets are just as important as everything else so do not forget to include that in your will, if you haven’t already, changes to your will can be made easily. Set up an account with planneddeparture. We value and protect your digital assets and make sure information is shared as you instructed.

Sign up for a free trial today

 

 

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What happens to your legacy when you pass away?….

…. have you ever asked yourself this question?… Well I have…

According to the E-marketer report in 2013, the number of people around the world that use social networks will increase from 1.47 billion in 2012 to 1.73 billion in 2013 and by 2017, the global social audience will be 2.55 billion.

One in four people belong to at least one social networking site. Facebook, google+, LinkedIn, twitter, flikr, Instagram, Myspace, care2 etc…

Which do you belong to? More importantly have you thought about what happens to all these accounts and your personal information when the inevitable happens?

The internet service providers are known to delete and destroy the accounts and the information it has on individuals once they pass away or are inactive for a couple of years.

A lot of personal information is stored electronically via the exchange from all these social sites and even the exchange of emails, so why not store this information collectively and securely.

With planneddeparture all this information will be stored in your e-vault. Only you and your beneficiaries you have enlisted with have the necessary information saved.

Better than letting it get destroyed don’t you think? Sign up for a free trial now…

So we were invited to pitch at the last London pitch day at the StartupBootcamp….

….and it was fun and useful.

Before I dive into sharing my experience I will give a brief intro about startup bootcamp.

What is Startupbootcamp?

They are Europe’s leading accelerator program with presence in these cities: Amsterdam, Berlin, Copenhagen, Israel, Eindhoven, Istanbul and London. Well that’s awesome!!! You can find more information about startupbootcamp here.

Now coming back to my experience of the pitch event. This pitch day was only for fintech startups. Before you start scratching your head and think why is Planned Departure ‘fintech’. We allow people to manage their digital assets with ‘financial’ and ‘emotional’ value. Bitcoins is one of the digital assets with financial value. I have already blogged about ‘what happens to Bitcoins when you die’ in this post.

Great environment

The environment was very informal. I liked the seating arrangement! I would recommend everyone going there once to take a look at the space provided and to admire creativity in designing and setting a shared working space.

I pitched for about 5 minutes, in front of other startups and mentors. After the pitching there were 20 minutes of feedback with 3 different groups of mentors. Each mentor group had 3-5 members each. It is advised that you take notes of the feedback provided. I would say this was a valuable opportunity where you can not only get feedback on your pitch, but also on your product. Don’t miss it!!!

Once all the meetings were over we had a break to network with other startups, which is always fun! I love every bit of learning about entrepreneurial journeys of other founders, their challenges and also their approach. Almost all start-ups face similar challenges so knowledge sharing is good to learn about their innovative solutions.

Finally it was time to bid goodbye and start working on the bootcamp applications. Anyone interested in attending this ‘fintech accelerator’ must first read ‘what it takes to apply’ here. Then submit the filled application from here.

Don’t forget to sign-up

Oh and do not forget to support us by sharing the PlannedDeparture’s blogposts, and trying out our service. Please sign up here to find out why so many people are talking about us!!!

Buying life insurance policy is enough? Think again.

Image source: http://www.legalcybertips.com/images/Beneficiaries-And-Unclaimed-Life-Insurance-Policies.jpg

Many of us buy life insurance policies because we believe that it will make lives of our near &  dear ones a bit comfortable in our absence. It will take care of mortgage and give them much needed financial security – if we are not around.  But how often this money reaches to the right people?  How much money is locked in the insurance firms or drown under the pile of information?

Like you, I used to think that money always reaches to the right hands. However, when I looked around, that was not the case.

As per the unclaimed assets website, there are £2 billion worth of unclaimed policies in the UK alone. As per this article in Yahoo Finance, 1 out of every 600 people is the beneficiary of an unclaimed insurance policy.

One of the main reason for these unclaimed assets is – Information loss. Often, policy holder forgets to update beneficiaries about the various insurances they might have. Not only that, family members forget about the insurance policies due to its long term nature. For many people, this information (Policy papers, numbers etc) can also be lost as a result of natural calamities, fire, theft or other such accidents.

In the case of Mary Lou Sowa, she did not have information about all the policies held by her father. The insurance firms also did not give information about additional policies. She was lucky to receive a check a decade later but not all are as fortunate as Mary.

All these incidents highlights the importance of transferring the information to the right people at right time. I would not want my hard earned money to lie unclaimed with insurance companies.

Having an insurance policy is the essential thing to do, but it’s not enough. It is important to plan and ensure that benefit of the policies reaches to the right people at right time. We created Planned Departure to ensure that you can safe guard and distribute important information to the  right people at the right time – so that they can be benefited by your good planning,