Including digital assets in estate planning goals

On Behalf of | Apr 14, 2020 | Probate And Estate Administration

In a technological era, it might not be uncommon for many individuals in Nevada and elsewhere to own a multitude of digital assets. When planning for the future, it could be all too easy to let such intangible assets slip through the cracks. Understanding the value of digital assets and the role they may play in the estate planning process could help a person better prepare to ensure his or her wishes and goals for the future come to fruition.

Many individuals may place a significant importance on their digital assets and such possessions can come in a variety of forms and fashions. For instance, those who store family photo albums may think of these items as invaluable and as such, including them in the estate planning process could prove imperative. Social media accounts and virtual currencies are two more examples of assets that fall under the digital category.

In some cases, a person may also store any manner of personal documents and information online. Certain facets of business ownership could also include digital aspects and taking the necessary steps to protect such features could help a person avoid a potentially devastating outcome. Even assets such as personal email accounts or digital rewards could hold significant worth and meaning and ensuring such possessions are distributed as intended could be essential.

While many individuals may place a high level of importance on their digital belongings, some might not be aware of the role they could play in the estate planning process. When forming a strategy for the future, those who wish to better understand each of their options could benefit from consulting with an attorney for advice in navigating the process. An attorney in Nevada can work with a client in developing an estate plan centered around meeting his or her needs and preferences for the future.