Asset Protection and Digital Assets: How To Address Your Digital Assets In Your Estate Plan

When it comes to asset protection and digital assets, a strong estate plan is where we should look first when it comes down to it.

Could you imagine losing every photo of your family upon your death or the death of a loved one? Yet, not as the result of a fire or flood? Furthermore, could you imagine losing every video of your children… from their first steps to their graduations and weddings?

If your estate plan doesn’t account for digital assets properly, those cherished possessions and memories could be lost to your heirs forever.

Unless properly understood and properly addressed in your estate plan, your heirs may not be able to gain access to your digital assets. Thus, like those examples we just discussed… your loved ones could lose things with sentimental value.

We live more of our lives online which makes digital assets in estate planning of increasing importance. Digital assets need to be understood and accounted for in the preparation and execution of estate plans.

It has become the norm to store financial records in smartphones, computers, or the cloud, and to conduct financial transactions electronically.

In addition to email and social media accounts, most people also own a multitude of digital assets, which can include but are not limited to:

- Bitcoin, Ethereum, and other cryptocurrencies
- Non-fungible tokens (NFTs)
- Domain names for websites
- Digital photos and videos
- Digital artwork
- Digital rights to literary, musical composition, motion picture, or theatrical works
- Digital accounts in an online betting account
- Blog content
- Airline miles, hotel points, or any other transferable rewards programs
- Online video channels where the content is monetized and producing an advertising revenue stream
- Online gaming avatars that offer online goods or services

The thought of losing digital assets may be just the motivation you need to create or update your estate plan sooner rather than later.

If you are just creating an estate plan, make sure your digital assets are included. If you have an estate plan that needs to be updated or are ready to create one, give my office a call at 404-370-0696. We know how to properly address digital assets so that your memories and valuables will not be lost.

Looking to find an experienced estate lawyer in the Georgia area who is skilled in asset protection and estate plan preparation? Shannon Pawley is an attorney in Georgia with expertise in estate planning and asset protection. Shannon can provide assistance with creating an estate plan to include making a will and how to establish a trust properly. If you have questions about asset protection or questions about making an estate plan, reach out to Shannon and she will be glad to help answer all the estate planning questions you might have!

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Stacy McKenzie

21:58 07 Feb 24

Shannon and her team were great. Went in for a consultation and got my money worth. She explained and made sure we understood. I will be using them in the future.

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Waheed Hamid

18:55 17 Dec 23

We had excellent service from Shannon and her team, they are true professionals and helped us and explained every step in the process. We highly recommend The Estate and Asset Protection Law Firm.

Virgil Price Young

20:16 18 Jul 23

Stephanie Deal

15:22 07 Jul 23

My father and I recently used the estate, an asset protection, law, firm for new wheels, new, power of attorney’s, and a creation of a trust. Brooke and her entire team could not have been more helpful and more professional! We loved working with them, and they took everything seriously therefore I didn’t have to worry about a thing. I highly recommend everyone at the law firm.

Barry Amos

01:22 01 Jul 23

Great firm. Had answers to all our questions and explained everything clearly. Never felt rushed to make a decision Could not ask for a better experience. Every one we dealt with was professional and knowledgeable. We highly recommend this firm for estate planning.

Lee Jay

21:30 28 Jun 23

Shannon provided invaluable information regarding a family estate matter. Although her firm did not quite fit our immediate needs, the consultation was informative and extremely HELPFUL! Shannon clearly explained what our next steps should be and offered to assist if we had any questions along the way. Her expertise and willingness to help puts her in a league of her own!

Alice Guppy

02:01 23 Jan 23

Shannon and everyone at The Estate and Asset Protection Law Firm are professional, very knowledgeable, and a pleasure to work with. They answered all our questions in great detail and the plan they developed for us is exactly what we need to protect our assets and estate as we age especially with my husband's health issues.

Lynn McKibbin-Moore

23:09 24 Feb 22

My husband has dementia. This firm has been patient, kind and professional while we went through a move from a house of 37 years in to a condo to be closer to my daughter and her husband. (Miami to Atlanta). There was also a wedding. All in 6 months.We now have a trust, power of attorney. Wills for my daughter and her husband and more. All at a fair price. I could not recommend higher.

Tammy Lee

22:03 29 Jan 22

Shannon Pawley and her team are exceptional at helping families navigate tough situations. We began working with her upon finding out my father had Stage 4 kidney cancer. His decline was more rapid than expected.Attorney Pawley and her entire team expedited paperwork that allowed me to focus on my father’s care, make decisions that suddenly needed to be made for him medically and financially, and has allowed me the ability to focus more on grieving and less on legal matters upon his passing.It is obvious she is knowledgeable about the best ways to navigate estates to protect the assets for the owners and their loved ones. It is just as obvious that she is passionate and has true heart for what her clients go through.We will be using her for own estate needs, and I recommend her expertise to everybody I can.This service is worth every penny we paid as it has saved us more money and time than I could imagine.

H Jessie Brewer

18:26 18 Nov 21

Attorney Shannon Pawley and paralegal Alexis McCoy are legal professionals that my wife and I highly recommend. Their grasp of the Georgia law pertaining to Medicaid assistance and the interworking's of the State department is exceptional. Additionally, their client-attorney relationship skills are excellent. We wouldn't hesitate to use this law firm again should the need arise.

Dawn Hardy

15:06 13 Nov 21

Shannon and her team are the best! They listened to my needs and provided the best advice. They are patient and professional as well as personable, they didn't make me feel like I was just another client. Highly recommend!