Are your digital assets secured? Do you even know what's considered a digital asset? Will you and your family have access to digital assets after the loss of a relative?
To settle an estate in the old days, an executor would wait a quarter or two to get paper statements that came in the deceased’s mail. Today, statements may all be electronic.
Digital assets, however, go beyond accounts with statements that may come via email. A digital asset also can be text messages, computer files, domain names you own, photos, voice mail messages, social media accounts, blogs, apps on your phone, file-sharing accounts, online dating accounts, doctors’ portals, loyalty program benefits, virtual items in gaming and even communications that are stored by the digital assistant Alexa.
Read more in The Advisor magazine.
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