Thursday, November 12, 2015
As people become more involved online estate planning for digital assets is going to become more important. Digital assets can include things like online social media accounts as well as domain names and digital currencies. People will need to create an estate plan that will determine who will have access to these digital assets if a person passes away. According to estate planners too many people are neglecting to include digital assets in their estate plans. This could lead to valuable assets going unnoticed and the deceased loved ones having to spend money and time tracking them down. Estate planning for digital assets is an extremely important aspect of modern planning that people cannot afford to ignore. People need to plan ahead for these types of assets and not neglect making these important decisions.
See Constance Gustke, Plan Your Digital Legacy, and Update Often, The New York Times, November 11, 2015.