Digital Assets a Growing Challenge in Estate Planning

Estate planning is not just for mapping out the passing of property and physical assets anymore. There’s a new type of asset to worry about and almost everyone has them: your digital assets.

One of the most familiar tools commonly used for estate planning is a last will and testament. Typically, a will is drafted to indicate how a person would like things to be handled at his or her death. While a will is a tool that addresses physical assets (like your investment account, cash in the bank or your house), it is currently not being widely used to address assets that are digital.

Source/more: Market Watch

David Wingate is an elder law attorney at the Elder Law Office of David Wingate, LLC. The elder law office services clients with powers of attorneys, living wills, Wills, Trusts, Medicaid and asset protection. The Elder Law office has locations in Frederick and Montgomery Counties, Maryland.