DIGITAL ESTATE PLANNING
DIGTAL ESTATE PLANNING
Digital Estate planning is your way to make sure that your loved ones can access your estate plan and digital assets when a family member or friend passes away. Often people do not think to grant access to their accounts in the event of death nor do they leave behind login information, such as a username and password, to do so. In these instances, digital estate planning creates a process whereby authorized individuals can request access to digital assets.
Digital assets refer to any online accounts and any files stored on a person’s computer or the cloud (a server) and can be classified into two categories, online digital assets and offline (local) digital assets.
Online digital assets, that is, those that are protected by a username and password and/or contain economically or sentimentally valuable content, may include social media accounts, email accounts, cloud based photo storage/libraries, digital music/movies/books, cryptocurrency, online banking accounts, contact lists, travel accounts (such as airline miles or points) to name a few.
While offline or local digital assets are typically files that are stored locally on a phone, a computer or a tablet and may include valuable business documents, intellectual property, graphic design files and other types of valuable “digital data” that may have substantial intellectual property and economic value.
If your estate plan does not include your digital assets your heirs may not be able to gain access to after your death or incapacity.
Berry Moorman’s Michigan digital estate planning attorneys also provide a full range of estate planning services including:
- Wills
- Trusts
- Durable Powers of Attorney
- Patient Advocate Designations
- Living Wills
- Tax Planning
- Medicaid Planning
- Charitable Giving
- Probate Avoidance
- Dynasty Trusts
- Closely Held Business Planning
- Trust Funding
- Asset Protection
- IRAs including Payments to Trusts
Related Practice Areas
Estate Planning FAQ
Answers to some of the most commonly asked questions regarding Estate Planning.
Our estate planning attorneys provide a full range of estate planning services to accomplish our clients’ wishes and protect their families.
Featured Publications
Berry Moorman P.C. Attorneys Recognized as 2024 Top Lawyers
We are pleased to announce that attorneys John J. Schrot, Jr. (Family Law) and Harvey B. Wallace Il (Trusts & Estates) have been named to the DBusiness list of 2024 Top Lawyers. Top Lawyers are selected based on an online peer-review survey sent out to the...
Survivor’s Checklist: What to do When a Loved One Passes Away
Losing a loved one is a very difficult part of life. The next steps can feel overwhelming when dealing with grief and end of life care. Here is a basic checklist to make the necessary steps clear so that the practicalities are clear, and the deceased can be honored....
Parental Peace of Mind – Maintaining Access to Your Child’s Medical, Financial and Educational Records once that Child Reaches the Age of 18
When your child turns 18, you lose some legal rights as a parent with respect to access to his or her medical, financial, and educational information. Additionally, when your child becomes an adult you lose the ability to act on his or her behalf regarding medical and...
Administering a Digital Estate
By: Rachel Selina As technology evolves, so does the process by which personal representatives deal with property during probate. Michigan’s Fiduciary Access to Digital Assets Act, passed in 2016, addresses the increased use of online accounts. The Act provides...
Berry Moorman P.C. Attorney recently conducted a presentation on Estate Planning at the CPE Mega Conference.
Berry Moorman P.C. shareholder George H. Runstadler III, recently conducted a presentation on Estate Planning during the CPE Mega Conference (with the Closely-Held Business Forum).
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