When we ask our clients about digital assets, many respond that they don’t have any. That is not the case for most people. Do you have a bank account or brokerage account that you can access on your computer or phone? What is the user name and pass word for the account? Do you have a Facebook or Twitter account? Again, what are user names and pass words for the accounts? Even if your executor or trustee as the representative of your estate has the user names and pass words for the accounts, does your representative have the legal authority to access the accounts? This is an area of the law where there are no absolute answers at this time. Until we have legislation covering such assets, you should at least attempt to cover said digital assets in your estate planning documents. If you have not already done so, consider updating your estate planning documents to cover your digital assets.
Don’t Forget Those Digital Assets in Your Estate Plan?
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