734-359-7018
Now Accepting New Clients!
Blog

ESTATE PLANNING 3: Does your Estate Planning include Digital Assets?

More and more people are conducting personal business and their social life through online applications.  Email, banking, bill payment, investments, credit cards, social media and photo sharing are all types of digital assets.

Digital Assets and Estate Planning

Your personal representative will need to identify and have the authority to access, manage, copy, distribute, deactivate, and delete these digital assets.  It is important to incorporate digital assets in your estate planning documents.  A personal representative must have the ability to inventory and administer these digital assets.

Wills and Trusts

It is important to talk with your attorney about which documents will include your digital assets and who will be the personal representative handling these assets.  Your will or trust should include the authority to obtain, access, modify, control, and delete the passwords, encryption codes, and any other electronic credentials associated with the digital assets.

Identifying Digital Assets

Talk with your attorney about the best way to inventory your digital assets.  What type of devices and accounts should be inventoried and what it the best way to keep this information confidential?  There are online websites and apps that can store accounts, usernames, and passwords in one place.

Do You Have a Will or Trust? Does it include digital assets?

Aldrich Legal Services is pleased to assist you with your estate planning needs. We draft and review wills, trusts and other estate planning documents to help our clients.  We can review your estate planning documents to see if they include digital assets. We assist clients throughout southeast Michigan.

Contact Aldrich Legal Services

Speak to a Pro: (734) 404-3000

Basic responsibilities of an executor

Originally posted on 01/11/2017 The emotional toils of dealing with the death of a loved one can be considerably difficult. Nevertheless, perseverance is paramount; especially if you are appointed to be an executor to one’s...

What you need to compliment your will

Originally posted on 02/08/2017 Making end-of-life plans usually end with a will, but they shouldn't. Some believe that simply having a will is enough. However, this post will briefly explain how having other estate planning...

The benefits of home health care providers

Originally posted on 03/22/2017 As we get older or suffer an injury, we need a little extra help. Home health care providers or caregivers can provide the assistance needed to handle your or your loved one's health and safety...

What to know about bail conditions

Originally posted on 03/06/2017 If you have been arrested and are being held on the suspicion that you have committed a particular crime, chances are that the only thing you are thinking about is getting out of jail as soon as possible and...

College students and estate planning

Originally posted on 12/16/2016 With college semesters starting up in Michigan, it may not be so easy to get college students to think responsibly. This time can be especially tough with the need of moving back to school and getting...

Three reasons to put a power of attorney in place

Originally posted on 11/08/2016 While no one wants to think of the unfortunate possibility of being incapacitated or of a time when we can't handle our own affairs, this circumstance is a real possibility. If something happens and this...

How to approach parents about estate planning

Originally posted on 12/09/2016 Family forms a strong foundation for many people's first and most intimate community. It is important to strengthen these first relationships so even uncommon questions become natural. For those...

PROBATE 44: Petition for Mental Health Treatment

Michigan’s Mental Health Code governs the civil admission and discharge procedures for a person with a mental illness. Specifically, MCL 330.1434 sets forth the procedure and content requirements for a petition for mental health treatment.

Should you get your criminal record expunged?

Originally posted on 04/12/2017 If you have been convicted of a crime, have served your sentence, and have followed all court recommendations, you should be able to put your past behind you and move on with life. Moving forward is critical...

Choosing the right executor for an estate

Originally posted on 05/28/2017 When people are thinking about planning their estate, they often think about trying to minimize the estate tax, keeping their will updated, and keeping items out of probate court; however, there is another...

Understanding how the Miranda warning works

Originally posted on 11/25/2016 Michigan residents who have seen television police shows or movies involving law enforcement have no doubt watched many dramatic scenes with officers quoting something to the effect of, "You have the...

Don't let a bad decision, unfair contract, or a messy divorce get in the way of a promising future!
Contact the experienced team at Aldrich Legal Services today to schedule your free initial
consultation
and secure reliable and trustworthy representation today!
Get the Help You Need From a Team You Can Truly Count On: (734) 404-3000
734-237-6482
734-366-4405