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JUNE 2015 DIGITAL ASSET PLANNING EDITION ESTATE PLANNING & ASSET PROTECTION WFP WEALTH FAMILY PROTECTION Attorneys at Law WHEN LEGACY MATTERS THE BENEFITS OF PRESERVING YOUR DIGITAL LEGACY VOLUME
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June digital asset planning refers to the process of outlining how individuals want their digital assets (such as online accounts, cryptocurrencies, etc.) to be managed or transferred after their death.
Anyone who possesses digital assets and wants to ensure their proper handling after their passing is encouraged to create a digital asset plan.
To fill out a digital asset plan, individuals need to list all their digital assets, provide instructions on how they should be managed or transferred, and designate a digital executor to carry out their wishes.
The purpose of digital asset planning is to help individuals ensure their digital assets are managed according to their wishes and to prevent potential issues or disputes among family members or heirs.
Digital asset planning typically requires individuals to list all their online accounts, passwords, cryptocurrencies, domain names, and any other digital assets they possess.
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