A good estate plan provides for the orderly transfer of property and the finalization of one\u2019s wishes upon death. Estate planning tools, such as Wills, Trusts, gifts, and Powers of Attorney handle physical assets in a way that maximizes benefits and minimizes hassle for beneficiaries. However, as technology becomes an increasingly integral part of everyday life, \u201cdigital assets\u201d such as email, social networking and online banking accounts also deserve consideration in modern estate plans.<\/p>\n
Failure to make plans for online accounts or to leave behind a comprehensive list of passwords can cause unexpected hassle. Online banking accounts need to be secured and closed. Family members may want access to accounts in order to download and save any photos, writings or other digital works for posterity. In addition, family members may be able to take advantage of digital assets capable of generating revenue by having their Creative Commons licenses changed so beneficiaries can (more…)<\/span><\/a><\/p>\n","protected":false},"excerpt":{"rendered":" A good estate plan provides for the orderly transfer of property and the finalization of one\u2019s wishes upon death. Estate planning tools, such as Wills, Trusts, gifts, and Powers of Attorney handle physical assets in a way that maximizes benefits…<\/span><\/p>\n