More and more people have assets online. It might be a web based business; it might be a blog that is read by more than its author; it almost certainly includes some social media presence.
When clients come to our office for estate planning – more and more are mentioning types of assets that had not even been invented 10 years ago. They are relatively easy to plan for, but like personal possessions it is important to have a plan in place for family harmony.
In a related vein, people need to think about how they wish to inform their successor trustee/executor of their various passwords. Once again, there are a variety of ways this can be accomplished. It just needs to be thought out!
As an estate planning attorney, it is my job to point out issues that may arise and help you determine the solution that works best for you and your heirs. A living trust and will sound so basic, but they can answer so many questions and well-drafted and thought out documents will assist in the legacy of the testator being preserved.
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