The Estate & Asset Protection Law Firm Owner, Shannon Pawley, Reminds Readers That Most People Have Assets In Two Worlds Today –Material and Digital – That Must Be Accounted For In Any Comprehensive Estate Plan.
Shannon Pawley, The Estate & Asset Protection Law Firm Owner, writes about the importance of including digital assets in estate plans.
DECATUR, GA, January ••, 2024: Shannon Pawley, Owner of The Estate & Asset Protection Law Firm, has posted a new blog on the law firm’s website entitled “Estate Planning for Digital Assets and Online Presence.” Ms. Pawley acknowledges the losses that may occur when digital assets are not included in estate plans, losses both financial and sentimental.
Pawley writes, “Once upon a time we lived in what was perceived as a purely material world.” She continues, “Assets were things you could see, touch, and feel such as cars, boats, homes, record collections, paintings, financial accounts that were issued bonds and paperwork as proof of ownership. Today,” she adds, “we live in two worlds: material and digital. Even our financial assets have changed from regular accounts kept in banks and financial institutions to today’s cryptocurrency accounts and NFTs (non-fungible tokens). “ She emphasizes, “Today, pretty much everyone has digital assets that include everything from Bitcoin to recipes passed down for generations.”
After explaining digital assets, Pawley states, “You may have created an estate plan that does not include digital assets. Whether you have an estate plan or not, you’ll want to begin by understanding the breadth and depth of the digital assets you now own.”
Pawley goes on to outline a plan. She writes, “Start by making a list of all your digital assets. This includes the hardware on which your assets are stored, flash drives, computers, external hard drives, pads, phones, etc. Include the specific asset and where each asset is stored and the password to access.”
The entire blog can be read by CLICKING HERE
About The Estate & Asset Protection Law Firm
The Estate & Asset Protection Law Firm was established to serve the legal needs of retiring citizens. The Firm focuses its entire practice on providing strategies to protect independence, privacy, assets and taxes from the government. Shannon Pawley has grown her law practice by providing excellent customer satisfaction with personalized wealth protection plans.
About Shannon M. Pawley, J.D., LL.M
As the owner of The Estate & Asset Protection Law Firm, Shannon M. Pawley and her entire team share a passion which focuses on being able to serve the legal needs of retiring individuals. In our firm, WE BELIEVE that people should not have to lose everything they’ve worked a lifetime to earn and that every person is an individual who deserves respect and the highest quality of life possible, regardless of age or ability. We also believe that privacy and protection are the keys to personal peace. Born and raised in the Tidewater area of Virginia to a tightknit family with strong military service roots, Shannon learned from an early age the value of hard work and the importance of social awareness to ensure you always leave a situation in a better place than how you entered it. In her junior year of high school, Shannon served as U.S. House of Representatives Page during the 101st United States Congressional Session in Washington, D.C. This experience exposed her to numerous new cultures and worldly issues. Walking away from her experience as a U.S. House of Representative Page, Shannon knew that she wanted to pursue legal studies and be able to assist others in obtaining the best results available in difficult situations.
Shannon earned her undergraduate degree at North Carolina Wesleyan College and pursued a law degree from Michigan State University College of Law. After obtaining her law degree and becoming a licensed attorney in Michigan, she continued her educational pursuit by acquiring a LL.M. (Master of Law) in Taxation from Wayne State University. After moving to Georgia in 2018, Shannon obtained her Georgia law license and has enjoyed being able to pursue her desire of ensuring persons are able to age with dignity, grace and independence.