20.02.18

Research suggests 70% of individuals ‘unaware of inheritance tax nil-rate band’

Research carried out by Canada Life has suggested that a significant amount of individuals ‘do not know the threshold’ for the standard inheritance tax (IHT) nil-rate band. Canada Life found that 70% of those surveyed did not know the standard … Find out more »

15.02.18

Chancellor commissions OTS to review inheritance tax rules

Chancellor Philip Hammond has commissioned the Office of Tax Simplification (OTS) to review the UK’s inheritance tax (IHT) regime, and outline ways in which the tax can be simplified. In a letter to Angela Knight, Chair of the OTS, and … Find out more »

Latest Tweet

Please wait while our tweets load...

Facebook lets users appoint ‘heir’ to manage account when they die

Facebook is rolling out its “Legacy contacts” feature in the UK, allowing users to appoint an “online executor” of their profile to decide what happens to it after  they die.

The legacy contact will be able to administer the page after the user passes away by writing one last post, updating their cover & profile photo, and even approving new friend requests.

Users can also choose to give their legacy contact additional permission to download an archive of the photos, posts and profile information they shared on Facebook.

All other privacy and audience settings will remain the same as before the account was memorialised, according to Facebook. The legacy contact will not be able to log in as the person who passed away or see that person’s private messages.

In the past, Facebook offered basic memorialised accounts for people who had passed away, however these accounts could not be accessed or updated by anyone, so they would remain frozen.

Last year, the Law Society started urging people to leave clear instructions about what should happen to their digital assets after their death, to make it easier for family members to piece together the deceased’s digital legacy and adhere to their wishes.

This entry was posted in Choosing an Executor, Probate News. Bookmark the permalink.

Leave a Reply

Your email address will not be published. Required fields are marked *