We now live in the digital age, which is why, while planning your estate, you now must take all of your digital assets into account to ensure your estate plan is all-encompassing. We know how confusing the estate planning process sometimes is, which is why we have dedicated our practice to helping those looking to create their comprehensive estate plans. Please continue reading and reach out to our knowledgeable New Jersey estate planning attorney to learn more about digital estates and how our firm can help you ensure your assets are protected and distributed as you would have intended. Here are some of the questions you may have:
What Are Digital Assets?
There are various digital assets that you may or may not know you possess. Some examples of digital assets are as follows:
All data stored on clouds
Social media accounts
Cryptocurrency, like Bitcoin
Online shopping accounts
Any websites or blogs you may contribute to/own
Intellectual property, such as patents
Physical assets, such as external hard drivers, computers, iPods, cameras and more. These may all contain sensitive information so it is critical they end up in the right hands.
What Is the Purpose of Appointing a Digital Executor?
When people write wills, they appoint executors to ensure their wishes are carried out as they would have intended. When you write your will, you can instruct your executor to appoint an additional digital executor to handle all of your digital assets. Your digital executor must have access to your passwords, logins, and any other information he or she may need, such as the location of your digital assets.
How Do I Protect My Digital Assets?
One of the best ways to protect digital assets is by storing them with an experienced, trustworthy estate planning attorney who can ensure they are kept private. However, you may also store this valuable information on certain online storage services. In other cases, you may even simply keep your assets in a locked file cabinet or safe, though if you do, you should ensure you give the password for that lock/safe to your digital executor.
If you have any additional questions, please do not hesitate to reach out to our knowledgeable New Jersey estate planning attorney today to learn more about how our firm can help you through every step of the process ahead.
Contact Our Experienced New Jersey Firm
Juan C. Velasco, Esq. is a trusted attorney who concentrates on bankruptcy, family law, real estate, and estate matters who has been serving the New Jersey area for over 20 years. That is why we are confident we have what it takes to provide you with the effective legal counsel you need. If you need experienced legal counsel, please contact Velasco Law Office and we will be happy to assist you.