Digital Assets Revisited

Feb 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. 

 

Jeff Schriefer
Vice-President
Senior Wealth Advisor
Wealth Management
jschriefer@bankofthebluegrass.com
859-233-8929 Office
859-252-0304 Fax

 

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