Butler Law

Estate planning for digital assets

Estate planning for Myrtle Beach residents is constantly evolving. Estate planning does not just involve wills and trusts, but also can encompass guardianship designations, power of attorney, pet trusts, and digital asset planning. Digital assets are important assets that often are forgotten in estate planning. Including them allows a family to manage assets easier after a person's death and makes sure they are not lost or forgotten.

Almost everyone these days has some sort of digital presence. Many people access their bank accounts online, or they have an online only bank account. There is also digital money, like bitcoins. And social media is something most of us can't avoid. Facebook, Twitter, Pinterest, are just a few examples of websites many frequently visit. Many people also store their pictures in online websites and have digital music accounts and shop on websites like Amazon.

If these assets are not included in an estate plan, estate executors may not be able to access them or many not even know they exist. These assets can easily be lost forever. In addition, an estate's digital assets are also vulnerable to hacking as many are linked to bank accounts. It is important for a person to create an inventory of their digital assets. All websites need to be listed along with passwords and log on usernames. A password manager is a useful tool that can safely store this information and share with an estate executor. A digital asset plan should also be included with an estate plan. The digital asset plan would include a person's intent as to what should be done with the assets upon their death.

Digital assets are an important part of estate planning. An attorney who specializes in estate planning can help their client create an estate plan that incorporates all of their digital assets and includes what they want to happen to them upon their death.

No Comments

Leave a comment
Comment Information

Schedule A Free Consultation

When your business or your legacy is at stake, our choice of a law firm to represent you is an important decision. We offer a free initial consultation so that you have an opportunity to meet us and discuss your legal needs.

To schedule a free initial consultation with attorney Dan Butler, call 843-213-6343, or complete our simple contact form.

Email Us For A Response

Bold labels are required.

Contact Information

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.


Privacy Policy

Butler Law
Butler Law Location

Butler Law
4420 Oleander Drive, Suite 202
Myrtle Beach, SC 29577

Phone: 843-213-6343
Fax: 843-781-6870
Myrtle Beach Law Office Map