Tag: digital assets

The importance of adding your digital assets to your estate plan

Every 60 seconds there are millions of Facebook posts, tweets, and Google searches. Additionally, more than three million emails are sent out every second. Our lives are becoming more and more virtual. If you have an email address, a Facebook account, or bank online, then you have an online presence and valuable digital assets. Many aspects of our lives are digital and controlling these assets in the event of our incapacity or death raises new issues never experienced before. “If you become incapacitated, “grow seriously ill or pass away, “Chapter 740 of the Florida Statutes outlines “how your agents can access your digital records, “and grants custodians authorization to release such assets. “Without proper planning, your loved ones “may have trouble tracking down and accessing “your online accounts that may have sentimental, “practical, or monetary value,” says Anne Desormier-Cartwright of Elder and Estate Planning Attorneys PA.

You should consider updating your estate planning documents and seek to broaden the powers to your fiduciaries and appoint a separate, tech-friendly person to manage your digital assets in the event of your incapacity or death. You may also want to consider using tools offered by Google, Facebook, and others, to designate a representative for your digital assets on these sites. Elder and Estate Planning Attorneys PA is a law office small enough to provide personal service, but large enough to handle all of your estate and planning needs.