Wednesday, June 26, 2013
As I previously disscussed, there has been an increase in digital life, technology should play an important role in estate planning. Estate planners need to address digital assets with their clients for a complete estate plan. If digital assets are not found or inaccessible, the financial loss, or sentimental value can be great. Estate planners should encourage clients to keep track of all of their online accounts and passwords. Even though it is possible to retrieve the information after death, it can be very expensive and tedious if the client did not plan ahead. Please see my article, Estate Planning in the Digital Age, for additional information on this increasingly popular topic.
See Rochelle Haller, Web of Estate Planning Considerations for Digital Assets, Graham & Dunn PC, May 2013.
Special thanks to Brian Cohan (Attorney at Law, Law Offices of Brian J. Cohan, P.C.) for bringing this article to my attention.