Estate planning in a digital world

Description

Abstract: Today, virtually everyone owns (or licenses) digital assets, from email and social media accounts to digital photos and videos to online banking and brokerage accounts. Unlike traditional, physical assets, digital assets leave little or no “paper trail.” Unless one’s estate plan specifically provides for them, it may be difficult for loved ones to access these assets — or even know that they exist. This article provides steps to take to ensure that digital assets are known and accounted for properly in an estate plan. A sidebar explains the ins and outs of drafting a digital asset protection trust.