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Including digital assets in estate planning goals

On Behalf of | Nov 21, 2022 | Estate planning |

It might not be uncommon for individuals to accumulate numerous types of assets over time and while many of these may involve tangible items, others could be more digital in nature. While individuals in Georgia may have preferences about what will happen to their digital assets when they pass on, knowing how best to incorporate these items in estate planning goals may seem a challenging feat. Understanding how to identify one’s digital assets and vital factors to address regarding these assets may prove integral to preparing to protect one’s wishes and needs. 

Things to consider 

Those who wish to identify their digital assets may benefit from knowing that these items can include anything from photos and videos stored online to social media accounts. Music and art collections that exist online are also common examples of digital assets. Digital possessions may even involve assets such as website domain names, nonfungible tokens, and even cryptocurrencies. 

Knowing how to identify all digital assets may be essential to compiling a list of one’s possessions and creating a strategy to protect one’s interests. Those who wish to include such items in estate planning goals could benefit from addressing topics such as digital passwords and safety measures. Finding ways to protect digital wealth while ensuring beneficiaries have access to digital assets they inherit could be vital to preserving one’s wishes. 

Preserving one’s preferences 

While including digital assets in estate planning goals can be beneficial in various ways, such endeavors may also prove complex in nature. Individuals in Georgia who wish to know all their available options regarding digital assets might benefit from consulting with legal counsel for guidance in navigating the process. An attorney can help address all a client’s questions and concerns and assist in developing a strategy that focuses on safeguarding his or her wishes for the future.