Estate Planning Considerations for Digital Assets
The rise of the internet has changed the way our clients conduct their lives; accordingly, it changes the way we must approach their estate planning. Digital assets that (1) have intrinsic financial value, (2) are the primary means of accessing other assets of financial value, or (3) hold unique sentimental value now comprise a significant component of our clients’ property and should be addressed in the estate planning process. This presentation will address how the rise of the internet has resulted in the creation of digital assets and why they need to be considered in a client’s estate plan. It will also discuss how digital assets should be addressed in the estate planning process. Finally, this presentation will discuss how to access the digital assets of a deceased or disabled client.