My great aunt Barbara is now on FaceBook! She is the sweetest, nicest and best person you can ever hope to have a part of your life, but never in a million years would I have expected a “Friend” request from her. Just about all of us are on-line in some way or another. From printing your photos at Walgreens, or storing your frequent flyer miles, to all the social media sites to your basic e-mail account. Our on-line portfolios are growing each and every day.
But what happens if you are not there to deal with your on-line presence? Who can fill your shoes, so to speak?
In many instances, getting access to these “digital assets” is critical from an information standpoint – there could be the e-mail that can show where the life insurance policies are stored. It is also critical from an emotional standpoint – there are so many pictures, movies and other media that helps tell the story of “you”.
But access to these digital assets can be difficult, if not impossible – the number of hoops that someone has to jump through. FaceBook and Google have worked to put some solutions in place. But these are just two companies (though they are extremely large!). What about everything else you have on-line.
We have worked to solve this problem with language that will give you trusted agent, the person you want to handle your affairs when you can’t, the power to deal with your on-line portfolio. This allows access to the person that you trust to gather the information, close accounts as appropriate, and get the digital asset to your loved ones in accordance to your overall plan.
Please make sure you have this ever growing asset class covered in your plan. Contact us, and make an appointment to have your plan reviewed to see if your Digital Assets are covered.
Contributed by Morris Hall, PLLC Albuquerque, Santa Fe and Las Cruces Estate Planning Attorney and Partner, James P. Plitz.
About Morris Hall, PLLC:
At Morris Hall, PLLC we have focused our legal practice on estate planning for over 45 years. Along with estate planning, our attorneys help clients and their families with matters of probate, trust administration, wills, power of attorneys, business planning, succession planning, legacy planning, charitable gifting and other important legal aspects. We also have divisions in financial, real estate and accounting to help you incorporate all of your planning together, ensuring that everything works perfectly for your needs and situation. Our Arizona offices are located in Phoenix, Mesa, Scottsdale, Carefree, Tucson, Oro Valley, Prescott, Flagstaff and Arrowhead. Our New Mexico offices are located in Albuquerque, Las Cruces and Santa Fe. Contact us today at 888.222.1328 to schedule an appointment!
This blog should be used for informational purposes only. It does not create an attorney-client relationship with any reader and should not be construed as legal advice. If you need legal advice, please contact an attorney in your community who can assess the specifics of your situation.