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Private Client Summer 2017Making tax digital update The Treasury announced on 13 July 2017 that digital records will only need to be kept for businesses with a turnover above the VAT threshold (currently
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A digital records will is a legal document that outlines how a person's digital assets should be handled after their death.
Any individual who wants to ensure that their digital assets are managed according to their wishes after they pass away.
One can fill out a digital records will by listing all of their digital assets, specifying how they should be managed, and appointing a digital executor to carry out their wishes.
The purpose of a digital records will is to provide clarity and instructions on how a person's digital assets should be handled after their death.
The digital records will should include a list of all digital assets, login credentials, instructions for managing those assets, and the appointment of a digital executor.
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