We Have All The Tools Necessary To Help You

Request A Consultation 646-561-9099 Contact Us For A Complimentary Consultation
View Our Practice Areas

How to protect digital assets with proper estate planning

If you created your estate plan before 2005, chances are that it did not have any provisions dealing with the handling or distribution of digital assets. Don’t worry, if this describes the current state of your plan, you are not alone. Most estate plans created before then did not deal with these assets, since they are a relatively new aspect of estate planning. However, a large majority of people have now have email accounts, digital copies of important documents (such as deeds and contracts) as well as pictures and videos stored on a hard drive or in a cloud storage mechanism. 

So there may be legitimate questions about what happens to email accounts, cloud storage information and passwords that protect them when a person passes away? Chances are that the people charged with administering an estate may not readily know about this information, even though it may be vital to properly distributing assets.

With that said an experienced estate planning attorney can help you update your estate plan so that it may do the following:

-          Provide access and detailed instructions for executors

-          Detail and organize digital data from all relevant sources

-          Include instructions on company policies regarding the transfer of sensitive information

-          Identify products and documents that can safeguard your  information

Keep in mind that there is no set standard for protecting digital assets, and that these are merely suggestive measures to provide ideas on how to protect such information. If you have questions, an estate planning lawyer can help.

The preceding is not legal advice.

No Comments

Leave a comment
Comment Information
Email Us For A Response

We Can Help

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

Office Address

Busson & Sikorski, PC
381 Park Avenue South
Suite 615
New York, NY 10016-8806

Phone: 646-561-9099
Fax: 646-365-5323
Map & Directions