Monday, February 25, 2019, 1:00-2:00pm
Some of the most valuable assets a client has are the most difficult to define, value, and transfer on death.
"Digital assets" – everything from digital music and pictures stored online, to bank and credit card reward programs, Facebook pages and online TurboTax files, bank and retirement account credentials – are a class of asset that every client has, yet planning for them is new. These assets are not governed by a conventional set of federal or state laws, rather by a complex set of rules set by a variety of organizations, none of which are standardized but which planners need to understand nonetheless to satisfy client expectations.
This program provides a guide to the nature of digital assets, how they are controlled, and how to plan for them.
- Digital assets in estate planning – defining and transferring them on death
- How failure to plan for these assets can scuttle estate plans and disappoint client expectations
- Fiduciary access to digital assets under current law
- Practical planning for digital assets – what works, what doesn’t, and what’s not at all clear
- How user polices impact the planning process – what you need to know about how these assets are titled and controlled
- How federal law impacts the planning process and unconventional planning issues
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