Posted on June 15, 2017 by David Severide in Featured, Wills & Estate Law
With the ever-increasing role of social media, online data storage, and online shopping in our daily lives, lawyers now have to contemplate how best to “succession plan” for a client’s digital assets on death! Most of us have a variety of online accounts, whether it be for Rewards points, Facebook, LinkedIn, a business website, Netflix, I-cloud or a seemingly endless number of similar digital media that may contain valuable information about us including personal photo albums, private documents and the like. More recently we have been introduced to what are known as cryptocurrencies such as Bitcoin! Bitcoins are entirely virtual and therefore without the proper legal access and log-in information, any such valuable assets may be unrecoverable by the executor of the Will and never passed on to beneficiaries.