Tuesday, August 14, 2012

Digital Assets: The New Frontier in Estate Planning

In the latest edition of Dickinson Wright’s Estates & Trusts Legal News, Kathleen A. Strachan explores the administration of a person’s estate containing digital assets.

Digital assets are made up of the intangible footprints that individuals leave behind. They are defined as any digital material owned by an enterprise or individual including text, graphics, audio, video and animations. Examples include: computers, flash drives, IPods, tablets, blogs, Facebook accounts, Twitter accounts, multiple email account, photos on Flickr, documents in Google docs; information stored in LinkedIn, videos on YouTube, online bank and investment accounts, online subscriptions, and online shopping accounts.

Kathleen explores the legal privacy issues involved with digital assets and the challenges they create for estate trustees in Canada in executing their responsibilities to determine, secure, and protect the digital assets and digital legacy of a decedent.

Click here to read the full article.