The world of "digital assets" is growing by leaps and bounds each day. The issues they present are growing just as fast. That is, what happens to the money left in your Itunes account after death? Or what about your photos on Facebook... who gets to "own" them? The answers are NOT out there yet but there is hope. Here is an article I just saw where two organizations are trying to come up with a master plan. Check it out!
Protecting your digital assets isn’t talk about by most attorneys. However, it should be! In some cases your digital assets are of extreme value; either monetarily or for sentimental reasons. Make sure your estate planning attorney discusses this with you!
The most common problems with digital assets is ACCESS. You are alive and incapacitated or you are deceased. How does your family, loved ones, or trusted professional get access to these digital assets?
WHAT ARE DIGITAL ASSETS
What exactly are “digital assets?” Does this include computers, tables, and smartphones? Yes, probably. What about access to Facebook, Youtube, and other social networking sites? Yes, I would say so. How about domain names and blogs owned by the decedent? Yes, I think s