Heritage Elder Law and Estate Planning offers appointments in-person at one of our six offices, virtually or over-the-phone for the convenience of our clients.

Call our office or click the button below to schedule an appointment with one of our attorneys.

Heritage Tree LogoWhat Is A Digital Estate Plan?

Woman and man using digital devices

The rapid advancement of technology has allowed for an increase in the digitization of assets. Multiple aspects of our lives that required physical documents have now become available in an intangible digital form. This can make estate planning somewhat more complicated in today’s world. To learn more about digital estate planning, read on or reach out to one of our Butler County Estate Planning & Probate Attorneys for quality legal counseling.

WHAT IS A DIGITAL ESTATE PLAN?

Basically, a digital estate plan just means including your digital assets along with your standard physical assets (like property) in your estate plan. A digital asset is any online record that a person owns. There are many different types of digital assets; not all digital assets have financial value. The most common types of digital assets included in estate planning include:

  • Finances – Many aspects of banking have become digital, so it’s no surprise that digital financial assets should be included in your estate planning too. Bank accounts and online payment services like PayPal are considered digital finances.
  • Digital Collections – Many people store photos, videos, and audio files on digital devices or cloud-based systems. These digital collections probably don’t have much financial value, but they most likely have sentimental value and therefore should be considered when estate planning.
  • Rewards Programs – Because many stores have special rewards programs nowadays, you may have valuable points, discounts, or cash back that you’ll want to include in your estate plan.
  • Social Media – Like digital collections, people’s social media accounts usually don’t have any financial value, but you may want to allow your beneficiaries to access or administer your social media accounts anyway.

Most people have some form of digital assets, so it’s important to create a digital estate plan. If you don’t include your these assets in your estate planning, your beneficiaries may not be able to legally access irreplaceable content such as sentimental photos. Some people forget to consider sentimental value assets when creating an estate plan, but digitized content is important too because it’s often irreplaceable.

HOW DO I PROTECT MY DIGITAL ASSETS?

It’s incredibly important to protect your digital assets by considering them along with your standard estate plan. You can do this by working with an estate planning attorney to discuss your options. An attorney can help you create a thorough legal estate plan to fit your needs.

Looking for a seasoned estate planning lawyer with your best interests in mind? Heritage Elder Law & Estate Planning, LLC is here to guide you through the estate planning legal process. Contact us today for an initial consultation with one of our compassionate, highly experienced attorneys.

Estate Planning & Probate

Whether you’re looking to secure your family’s future, protect a loved one’s assets or provide a loved one with the financial assistance he or she needs to afford long-term care, we are committed to serving your needs. We consistently offer creative and effective solutions to your most complex and sensitive estate planning needs and help your wishes come to fruition through our probate service.

Learn More

Elder Law, Medicaid Planning & Asset Protection

Everybody’s life is full of both expected and unexpected challenges. With our experience with elder law issues, we can help you enjoy the later years and retain full control over decisions that directly impact you. The attorneys at Heritage Elder Law & Estate Planning view every challenge as an opportunity. We can help you or your loved one today.

Read Our Recent Blog Posts