Digital Assets RevisitedFeb 17, 2015 | Wealth Management
Last year I discussed the need for and potential challenges of planning for your digital estate. A few days ago, Facebook took steps to address this digital debate by allowing users to assign a “legacy contact” for their account. This person would work like a digital executor and take control over many aspects of your Facebook page after your death. But remember, this person would only have access to your Facebook page. If you have a $10,000 library at iTunes, you will still need to make other arrangements. Andrea Coombes of MarketWatch addressed planning for your digital assets in a column last year and the University of Miami published a thorough paper about this “Digital Death Conundrum” and the challenges presented regarding digital property. As the value of your digital estate continues to grow, proper planning becomes more and more important.
Senior Wealth Advisor
Investments offered by Wealth Management Division at Bank of the Bluegrass & Trust Company *Are not FDIC Insured * Are not Bank Guaranteed * May Lose Value*
The information presented in this blog is general in nature. It is not intended to provide, and should not be relied upon for accounting, investment, legal or tax advice. Investors should consider their individual financial circumstances and the inherent risks of investing prior to making any investment decision.
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