Protecting Digital Assets in Estate Planning
Cryptocurrency has become a new wrinkle in the development of an estate plan.
Cryptocurrency has become a new wrinkle in the development of an estate plan.
There’s almost always a reckoning when the government proffers a tax break. So it is with individual retirement accounts (IRA)s, 401(k)s and similar accounts that investors fund with pre-tax earnings.
America’s independence was not easily won. There was no guarantee the fledgling colonies would win, but they fought long and hard and, as a result,
Until now, the terms of service for each individual site have determined who has ownership and access after a death and whether the assets are deleted, frozen or can be transferred.
Safe and shareable password storage is vital in today’s computerized world. The old solution–writing down passwords on paper set next to your keyboard–is not safe, not adequate and not shareable.
As an estate planning attorney, I talk about death all the time. Sometimes, I am talking to people on the worst day of their lives.
When you think about your estate, you may think about your personal property, real estate, or investments. You also have other, less-tangible assets—and they also deserve your attention.
You might be amazed at some of the bizarre places that people put their documents. It would take you a month of Sundays to find the papers if the person had not told you where to look.
The last thing anyone wants to see is all of that hard work negated at the end of their life. I’ve said this a million times, but stop putting off your estate planning and deal with it today!
Smart estate planning, therefore, includes addressing how to handle digital assets.