Estate planning is a crucial aspect of ensuring your assets are distributed according to your wishes after you pass away. However, many people often overlook their digital assets when creating their estate plan. Digital assets are any online accounts or files that hold value, such as social media accounts, email accounts, digital photos, and cryptocurrencies. In this article, we will discuss why estate planners should include digital assets in estate planning and how it can benefit their clients.

Why You Should Include Digital Assets in Estate Planning
 

What Are Digital Assets?

Digital assets are becoming increasingly common in today's digital world. They include assets such as online accounts, digital photos, music, videos, cryptocurrencies, and other digital files. These assets can hold significant sentimental and financial value, but are often overlooked when creating an estate plan. Estate planners must educate their clients on the importance of including digital assets in their estate plan and how they can protect them.

Why Should I Include Them in My Estate Plan?

Digital assets can hold significant value, and failure to include them in an estate plan can lead to complications, including the loss of valuable assets. Additionally, without proper planning, your digital assets may become inaccessible or lost forever. Estate planners must work with their clients to identify their digital assets and determine how they should be distributed after they pass away. This can involve designating a digital executor, creating a list of passwords and login credentials, and specifying how digital assets should be distributed.

Including digital assets in an estate plan can also help avoid legal complications and provide peace of mind for the client's loved ones. For those seeking legal guidance in estate planning, Dennis P. Faller, Attorney at Law, is a trusted resource in Wapakoneta, OH. Contact their firm by calling (419) 738-4578 or visiting their website for more information.