Digital asset estate planning involves legally documenting how your online accounts, cryptocurrency, digital files, and electronic property should be managed and distributed after death or incapacity. Without proper planning under Alabama law, executors cannot access crucial accounts like online banking, social media profiles, or cryptocurrency wallets—potentially losing thousands of dollars and irreplaceable family memories. The …
How to handle digital assets in an estate plan or after death starts by thoroughly inventorying all digital accounts and files, such as social media profiles, email accounts, cryptocurrencies, online banking, and cloud storage. However, this step alone might not ensure a stress-free probate process. As digital assets such as cryptocurrency, non-fungible tokens (NFTs), online …
Kids need their own estate planning documents to protect their inheritance, assign guardianship, and protect their best interests when life’s uncertainties hit home. However, creating legally sound protections for minors requires more than good intentions. An estate planning lawyer can clarify what legal steps fit each family’s circumstances to protect a child’s best interests, no …