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Digital Estate Planning
July 21st, 2016
The laws concerning digital asset estate planning are a patchwork. Some states have specific laws and others do not. The technology companies that host digital accounts each have their own policies which further complicates things. What happens to yo…
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Categories: Aging Issues, Current Affairs, Elder Law, Estate Planning, Power of Attorney, Succession, Trust Funding, Web/Tech, Weblogs, Will
The Importance of Digital Asset Planning and Organization
November 26th, 2015
If you have ever forgotten a password to a digital account, then you know how difficult it can sometimes be to retrieve it. It might require remembering how you answered a security question like “Who was your favorite teacher growing up?” Remembe…
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Categories: Aging Issues, Current Affairs, Estate Planning, Succession, Trust Funding, Weblogs, Will
Managing the Digital Assets of the Deceased
August 6th, 2015
According to a 2007 study conducted by Microsoft, the average web user has 25 online accounts ranging from social network accounts to banking and financial accounts. In America alone, nearly 72% of American adults have an online presence or use socia…
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Estate Planning for Your Digital Assets
May 6th, 2013
Under the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 (BAPCPA), the first $1 million of IRA and Roth IRA funds are protected (or exempt) in bankruptcy. This amount is reviewed every three years and increased as needed. For example…
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Categories: Estate Planning
Digital Assets, Digital Estate Planning - An Important Issue in Ann Arbor
November 2nd, 2012
If you inadvertently lock out your executor or the very person who has power of attorney over your finances, you can create a huge hassle for your family just trying to pay your bills. Since we now live in a paperless world, they need something…
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Categories: Estate Planning