NAVIGATING THE LEGAL VOID: DIGITAL ESTATE PLANNING IN INDIAS DEVELOPING LEGAL SYSTEM
Journal: International Journal of Advanced Research (Vol.11, No. 03)Publication Date: 2023-03-16
Authors : Arka Prasad Roy;
Page : 513-518
Keywords : ;
Abstract
With the proliferation of digital technology and the increasing use of the internet, digital assets have become an integral part of our lives. In todays world, it is common to have a digital presence in the form of online accounts, email, social media, and cloud storage. These digital assets, along with traditional assets, need to be protected and managed in the event of death or incapacity. This is where digital estate planning comes into play.This research paper aims to explore the importance of digital estate planning and the laws surrounding it in India. The paper begins by defining digital estate planning and identifying the types of digital assets that need to be protected. It then discusses the potential consequences of failing to plan for digital assets and the importance of having a digital estate plan in place.The paper then examines the laws in India that govern digital estate planning. It finds that while there is no specific legislation on digital estate planning, existing laws such as the Information Technology Act and the Indian Contract Act, provide some guidance on the management and distribution of digital assets.The paper also discusses the challenges associated with digital estate planning in India, including the lack of awareness about the importance of digital estate planning, the absence of a centralized registry for digital assets, and the difficulty in accessing and managing online accounts after the owners death.Finally, the paper concludes that while the laws in India are evolving to address digital estate planning, there is still a long way to go. It recommends that individuals take proactive steps to manage their digital assets and seek professional help to create a digital estate plan that addresses their specific needs.In conclusion, digital estate planning is a critical aspect of modern-day estate planning. This research paper highlights the importance of having a digital estate plan in place and identifies the laws in India that govern digital estate planning. It also highlights the challenges associated with digital estate planning in India and provides recommendations for individuals to protect their digital assets. As technology continues to evolve, it is essential to stay informed and take the necessary steps to manage our digital lives effectively.
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Last modified: 2023-04-27 20:45:49