Excerpt from: Social Science Research Network (click for full article)
Abstract:
Recently, a new subdivision of property has emerged that many people
label as “digital assets” such as accounts used for e-mail, professional
and personal data backups, banking, investment, and shopping, domain
names and web-hosting accounts, social networking accounts, and avatars
for online games. While estate planners have perfected techniques to
transfer traditional types of property, many estate planners do not
address digital assets when preparing their clients’ estates.
This
article aims to educate estate planning professionals on the importance
of planning for the disposition of digital assets, provides those
planning techniques, and discusses how to administer an estate
containing digital assets. The appendix contains a sample form which
may be used to organize digital assets.
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