Estates & Trusts Legal News: Digital Assets: The New Frontier In Estate Planning

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The administration of a person’s estate containing digital assets and a digital legacy is a new frontier in Canadian and U.S. estate law. This newsletter will address some of the legal privacy issues that may create challenges faced by estate trustees in Canada in executing their responsibilities to determine, secure, and protect the digital assets and digital legacy of a decedent.

- Digital Assets -

Digital assets are made up of the intangible footprints that individuals leave behind. They are defined as any digital material owned by an enterprise or individual including text, graphics, audio, video and animations. Examples include: computers, flash drives, IPods, tablets, blogs, Facebook accounts, Twitter accounts, multiple email accounts, photos on Flickr, documents in Google docs; information stored in LinkedIn, videos on YouTube, online bank and investment accounts, online subscriptions, and online shopping accounts.

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Published In: International Trade Updates, Science, Computers & Technology Updates, Wills, Trusts, & Estate Planning Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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