Recorded Webinar: Digital Life and the Estate Plan – Can the Show Go On?

The internet as a public domain is only three decades old, with widespread adoption an even more recent phenomena, and yet it has become ubiquitous in our lives. Issues of how to manage digital assets and accounts are becoming increasingly pressing. This session addresses issues that can arise in relation to estate planning for social media accounts and digital assets, including how the assets should be held and the mechanisms available to transfer these assets to third parties. It covers:

• Identifying digital assets with substantial value:

  • Twitter and Instagram accounts with bulk followings

  • LinkedIn networks

  • large cryptocurrency holdings

• Issues for the estate planner:

  • how are the digital assets currently owned?

  • who/what should hold valuable digital assets - can they be held by entities?

  • getting access to the online assets and accounts post-death

  • valuing and transferring valuable digital assets

• Managing business succession issues when data is stored in the cloud and on proprietary and subscription-based software and banking is done online