A new service is launching in April with the goal of solving the problem of what happens to your online accounts after you die.
The service, Legacy Locker, acts as an online safety deposit box that allows people to store information online and allow beneficiaries to access content when a person dies.
“We see Legacy Locker filling a serious unmet need considering the modern, digital lifestyle,” says Jeremy Toeman, Founder of Legacy Locker.
“It’s not fun to think about, but the reality is most Web-based companies have no provision for managing your account in the event of your passing. Further, when I think of the assets we create online these days like Flickr, my multiple email addresses, and my PayPal account, they have real, significant value to me and to my family.”
The service works by allowing people to enter online account information in their locker, such as email addresses, photo sharing sites and social networks. For every account they store, people assign a beneficiary, someone they want to manage their digital assets. When the person dies, the assets are electronically delivered to the designated beneficiaries.
When a Legacy Locker member dies, a beneficiary contacts the company and offers proof of the death via death certificate. Legacy Locker then turns over all the account information to the designated beneficiary.
The company offers it service direct to consumers, but also works with estate planners to help make online accounts included in the estate planning process.
The service includes free trail accounts as well as $29.99/year and $299.99/lifetime paid options.
