Online assets reflect on a person’s wealth, estates, tax status and reputational value, being on top of them all is crucial in the digital age, writes Helen Cox Blogs, vlogs, emails, domain names, cryptocurrencies, digital documents, digital photographs… the list goes on. Although we may not think of them […]
From social media to online bills, it is essential to plan what will happen to your virtual life once you are gone. Thinkstock Let’s face it: Your e-mail account, Facebook page and online photo albums are likely to outlive you. Deciding how to manage your digital legacy just may […]
Digital documents are not nearly as easy to retrieve. What will happen to your Facebook account when you die? What about all your photos shared on social media, your texts with loved ones, or documents on cloud-storage systems? In just the two-year period from 2012 to 2014, humans produced […]
When it comes to, wills, power of attorney and all that goes into crafting your estate plan, you should include a discussion about digital assets with your attorney. Our lives today are primarily conducted online – making digital assets part of our daily lives. Yet many of us fail […]
(Designer491/Dreamstime) While Trump’s Tax Cut and Jobs Act effectively abolished the death tax for most taxpayers, that is except for the truly rich, the change in the tax law did not eliminate death. Estate plan structures and documents created for tax purpose, for which taxpayer’s no doubt paid hefty […]