If you’re like most people, you probably own numerous digital assets, some of which likely have significant monetary and/or sentimental value. Other types of online property may have no value for anyone other than yourself or be something you’d prefer your family and friends not access or inherit.
To ensure all of your digital assets are accounted for, managed, and passed on in exactly the way you want, you should take the following steps…
We live in a digital age. Everyone and everything are online. We shop, pay bills, play games, listen to music, order groceries, and so on, all from our online accounts. It’s a valuable sphere and, consequentially, people are resistant to store passwords for fear that their password storage app will get hacked. But think for a minute of the opposite scenario. What if someone needed to access your account but couldn’t? What if you needed to, but couldn’t, turn off that bill pay or shut down your Facebook account?
Read MoreApril 12th is Teach our Kids to Save Day. I love this idea. We should be introducing our kids to the lessons of saving money, incurring debt and frivolous spending as early as possible so they can begin to develop strong financial habits. Ironically, one study showed that by the time a child is 7 years old, he or she has formed beliefs about money. Seven. Years. Old . Here are 5 tips to introduce money to your kids to enable them to build healthy habits and beliefs around money.
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Naming permanent guardians in your Will is just one step in protecting your kids. It’s equally important to have someone (plus backups) with documented authority, who can stay with your children until the long-term guardians can be located and formally named by the court, which can take months. Also, a Will does not take effect until you pass, so your appointed guardians will not have legal authority over your kids if you are in tan accident or incapacitated. The last thing you want is for police to show up at your home and find your children with a caregiver, who doesn’t have documented or legal authority to stay with them and doesn’t have any idea how to contact someone with such authority. In such a case, police would have no choice but to call Child Protective Services.
Death does not have to be a dreary topic. Actually thinking about death can help you focus on life - on living a better life and passing it down for generations. A Trust is the ultimate tool to accomplish the transfer of your legacy.
Read MoreYou’ve heard the terms Trust Fund or Trust Account tossed around, but really, what is a Trust? Watch and learn the breakdown of Trust basics.
Read MoreDespite tons of information available, there are still so many misconceptions about Estate Planning. What does this have to do with fat? Read on to find out.
Read MoreThe New Year can bring new excitement with the possibility of pressing the “refresh” button. Read three goal setting tips to help prevent your resolutions from failing.
Read MoreThis holiday season, let’s not forget what the holidays are truly about. Act with intention, create traditions, empower children and future generations to be their most amazing selves and achieve their own successes.
Read MoreIt’s not how many things you’ve accomplished or the goals that you’ve reached in life. It’s the process that you took to get there.
Read MoreMaking provisions for digital assets should be a part of all basic Estate Plans
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