Digital Asset Management
A somewhat recent addition to estate planning considerations, the management of your digital assets has become an important component of your estate. Consider the number of online accounts you maintain, whether they be financial or social media accounts, electronic payment accounts, like Paypal or Venmo, crypto-currency, or a lucrative YouTube or Instagram account. 47 states have enacted some form of law governing fiduciary access to on-line accounts and digital property is subject to privacy laws that may make it difficult for estate administrators to access these assets. An estate plan that does not address your digital assets is incomplete.
Terry Frank Law can assist in crafting your estate plan to account for these often overlooked assets. Additionally, we are partnering with Directive Communications Systems to offer our clients a way to store, archive and protect their online assets by creating an online digital portfolio that can simplify the estate planning process, facilitate in estate administration and prevent lost or forgotten accounts.