News & Analysis as of September 20, 2024

Digital Assets

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Estate Planning is a process where individuals prepare or plan for the settlement of their personal affairs in the event of incapacitation or death. Estate plans typically include provisions relating to the disposition of assets, guardianship of minor children, and appointment of representatives to make medical and financial decisions. Effective estate planning can decrease tax liability and facilitate the probate process. less -

The Importance Of Digital Asset Planning In Virginia

Dunlap Bennett & Ludwig PLLC on 5/5/2023

Our lives are increasingly connected to the online world. We share our business ventures, promote opportunities, use social media as a photo album to track special moments in time, and even purchase valuable cryptocurrency...more

See You on the Other Side: Planning Your Digital Legacy

DarrowEverett LLP on 2/14/2023

What happens to social media accounts when an individual dies? As social media is a growing source of revenue for individuals, from influencers to public figures, and the dominant means of how people document their lives, it...more

Including Digital Assets in Your Modern-day Estate Plan

Harris Beach PLLC on 2/7/2023

In the ever-increasing digital world, it is important to consider your digital assets when preparing your estate plan. Your digital assets can hold tremendous economic and sentimental value to you and your loved ones, making...more

Common Errors that Arise during an Estate Administration

Cole Schotz on 7/25/2022

In our busy practice, we tend to see certain recurring errors. In particular, we see planning errors that arise during the estate administration process after someone dies. Below are a few of these common errors, and, in the...more

Estate Planning Pitfall: You’ve Overlooked Digital Assets in Your Estate Plan

Adler Pollock & Sheehan P.C. on 4/29/2022

Traditionally, an estate plan addresses the tangible assets you own, such as cash and securities, investment real estate, vehicles, and your house. But this is 2022. Increasingly, people are living in a digital world, where...more

Frequently Asked Questions Regarding Online Accounts And Estate Planning

Kohrman Jackson & Krantz LLP on 4/4/2022

There are many factors to consider when planning your estate in the event of your incapacitation or death. While discussions regarding traditional assets are crucial in the planning process, other factors should also be taken...more

Estate Planning Pitfall: You Haven’t Created a Road Map for Your Estate Plan

Adler Pollock & Sheehan P.C. on 8/10/2020

You’ve probably spent a lot of time creating documents for your estate plan, including a will, trusts and a power of attorney. While these documents are essential for your plan, your family could also use a “road map” to...more

Insight on Estate Planning - February/March 2020: Digital assets and your estate plan - This asset type requires special planning

Adler Pollock & Sheehan P.C. on 2/14/2020

The digital revolution has touched virtually every aspect of our lives. The result is that one likely has at least a handful of “digital assets.” These assets may include personal assets, such as online bank and brokerage...more

Senior Planning Checklist

Cranfill Sumner LLP on 12/16/2019

When preparing for the future, seniors and their families can follow this check-list to ensure their needs have been addressed....more

Insight on Estate Planning - October/November 2019: Put pen to paper How a letter of instruction can benefit family harmony

Adler Pollock & Sheehan P.C. on 10/3/2019

A person’s will is the centerpiece of his or her estate plan. Typically, it’s the most important document used in estate planning and is created before any other. A document that complements a will is a letter of instruction....more