Panel discussion focuses on estate planning for virtual assets

Panel discussion focuses on estate planning for virtual assets

This week, Club Sacramento will host a panel discussion about something that’s not as buzzworthy as “likes” or check-ins. The topic? Death.

Even though initiating the conversations can be uncomfortable, organizers say having an end-of-life plan for your digital is just as critical as deciding who gets the keys to your house after you die.

The panel discussion, “Digital death: for your virtual assets when you die,” will be held 6:30 p.m. Thursday at The Urban Hive, 1931 H St. Cost is a $5 or $10 donation to Social Media Club Sacramento. Guests are encouraged to register in advance.

In addition to legal experts and a new media marketing consultant, Thursday’s panel includes Matt Lenzi, founder and CEO of heirVault. Founded last April, El Dorado Hills-based heirVault is an Internet service that helps people assess their level of estate and legacy planning readiness. Lenzi hopes to soon add online tools and resources to coach people through the end-of-life planning process.

He answered a few questions about estate planning for digital assets.

With the rise of technology, which new issues surround end-of-life planning?

“A lot of people seem to be overly focused on what happens to your social media accounts when you die, but that is really only a small part of the equation. Protecting your family from financial fraud, in the forms of identity theft and embezzlement, is probably a more important issue. Clearly explaining how to get to family photos, videos, important documents, your music/e-book/movie collections and your email accounts (is) also important to a lot of people.”

Sonya Sorich is social engagement manager and a staff writer at the Sacramento Business Journal. She oversees social media activity and writes about retailing, small business and restaurants.

Continue reading at http://www.bizjournals.com/sacramento/news/2015/02/25/estate-planning-virtual-assets-social-media-panel.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+bizj_sacramento+%28Sacramento+Business+Journal%29&page=2 .

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