What are digital assets?

You are probably reading this blog on your phone or tablet, perhaps you clicked the link on Facebook or Linkedin. Technology is a huge part of our lives and so are our digital assets. Social media and email accounts are considered digital assets, as well as creative works, photos and keepsakes kept on home computers, the cloud or external storage drives. Digital assets also include e-commerce accounts and domain names.

 Have you talked about it with those you love?

 Although many of us have digital assets, not nearly enough of us are working to protect them. In a recent survey of baby boomers, only 16% of respondents had thought about what would happen to their digital assets after their deaths. A mere 3% had alerted or prepared their loved ones with regard to this issue.

 What should I do to protect my digital assets?

You should plan for the transfer and/or administration of digital assets just as you would for tangible assets. Your digital assets may or may not be of great financial value, but they need protection against exploitation, as well as abandonment. Digital asset protection is essential in ensuring that your personal information is protected throughout and after your lifetime.

Most of us have a large digital footprint and it can be difficult to track down all or even the majority of our digital assets. Start now by making a list and locating your digital assets. Speak with an attorney including provisions for your digital assets in your estate plan.

At the Kendrick Law Group, we provide comprehensive legal assistance to help you protect the property you acquire throughout your lifetime. To learn more about how we can help you in transferring and safeguarding your assets reach out for a complimentary consultation at 407-641-5847 or info@kendricklawgroup.com.