On WNEW: Jason Smolen Discusses the Importance of Digital Assets
Typically, one’s estate plan would account for his or her property and finances. What about online property, or digital assets, such as e-mail accounts and social media profiles? On WNEW, SmolenPlevy Co-founding Principal Jason Smolen shares why taking “digital assets” into consideration when planning an estate is important.
With so many lives revolving around technology, digital assets like Facebook accounts, Flickr photos, YouTube videos and iTunes collections should be properly disposed when one dies. “It’s so much a part of the fabric of what we do everyday, they don’t realize that it lives beyond them,” says Smolen.
While planning one’s estate, Smolen suggests designating who will take over online accounts and keeping login information attached to your paper will. This information lets heirs know what accounts exist and how to access them.
Smolen anticipates seeing states make more laws on how to deal with digital assets.
Listen to Smolen on WNEW below:
