Digital Assets Webinar: Springwater Wealth Management & Michael Walker

“Do you have an estate plan? Is it complete? Does it address your digital assets? A digital asset is content that is stored electronically. Digital assets include images, videos, files and credentials. If it’s stored on your computer, your phone or in the cloud, it’s a digital asset. ”

Springwater Wealth Management and SYK attorney Michael Walker will be hosting a virtual webinar on July 22nd. The education webinar aims to educate others about digital assets. If you have questions, now is a great opportunity to get them answered, and learn more about what digital assets really are, and when they need to be addressed in your estate planning. Registration for the webinar is free, but limited. Be sure to register early to guarantee your stop.

Digital Assets Planning: Problem Solved?

As our law blog followers well know, we have posted many times on the topic of digital assets:  What happens to your online accounts and information upon your death or disability?  See this post, and this one, and this one – just to name a few.

But perhaps we are overthinking the problem.  Perhaps there is an easier way.  Perhaps it is only a matter of having the right accessory.  In lieu of proper estate planning and protection, one may consider this option….

Can one bequest their massive e-book & digital song libraries?

The Wall Street Journal recently noted the growing concern we have blogged about previously – digital assets.  The WSJ article addresses the fear of one losing thousands (if not tens of thousands) of digitally downloaded songs or books that one may want to leave to friends or family through a will or other bequest.  The article sums up the problem with, "Most digital content exists in a legal black hole."

In Oregon we are trying to meet that problem head on with proposed legislation that empowers personal representatives and other fiduciaries to gather digital assets and accounts and distribute them according to the wishes of the owner.    

Our estate planners also recommend a VAIL (Virtual Asset Instruction Letter) to let your trusted fiduciary know who gets what. 

Michael Walker and I will be discussing some of the issues that come up when administrating and litigating estates that include significant virtual assets at an upcoming seminar in our office. If you would like to join us from 7:30-9:00 am on Thursday, September 27, please rsvp by calling our office at (503) 226-2966 or by email at Light refreshments will be provided.