Estate Planning: What You Should Know About Digital Assets

Today, many of your assets may be in digital format. For example, you may have social media accounts, digital photos, email accounts, and other forms of digital information that hold significant personal or monetary value. During the estate planning process , you need to carefully consider how to manage these assets and plan for their ongoing future.

One of the biggest obstacles families face when trying to claim digital assets is that passwords to different accounts remain unknown. If you store digital assets on your smartphone, computer, online accounts, or on the cloud, make it easier for your family members to access these devices by making a list of passwords. Include access to this document in your estate planning documents and update it regularly to reflect any changes.

The post Estate Planning: What You Should Know About Digital Assets first appeared on Tarantino Law, PLLC.