Estate Planning in the Digital Age

Estate plans are no longer complete without the inclusion of digital assets and passwords as part of the asset protection and transfer strategy. The legal and fiduciary guidelines are becoming more stringent and recognizing control, transfer, and disposition requirements are now seen similarly to tangible assets.

For reference: Uniform Fiduciary Access to Digital Accounts Act (UFADAA) -

Less clear than the procedural requirements for digital assets are the process mechanisms for the eventual execution of these assets once in an estate's plan. Fortunately, innovation and advances in technology are bringing new tools that are remarkably efficient, exceptionally secure, and easily affordable.

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Topics: Digital Vaults, Digital Assets and Planning

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