Estate planning, Palm Desert, CA can become more challenging for many individuals today most especially with the emergence of new kind of assets to manage – digital assets.
Digital assets are those properties you own that reside in the digital space i.e. over the Internet. It could be a website, an affiliate pages, social media pages, among others that are generating income for you.
Proper management of your digital assets helps avoid possible issues / conflict particularly with the government and among people that you leave behind. Thus, it is imperative that you take a closer look at your digital assets and do what is necessary to manage them well.
Here are some items you should address:
You need to ensure that the right people have access to your digital properties. Preparing a list of your online accounts should give you an overall view of your properties, making it more easy for you to make decision later on as you begin your estate planning, Palm Desert, CA. Take note that accounts such as emails are considered to the basecamp of all your other accounts; they are your portal to resolve online issues such as password recovery for certain accounts.
Decide on who should you designate to receive your digital assets. As part of your estate planning, you are going to decide on to whom should you entrust or give your digital assets. Of course you need to make an assessment on how much your digital assets worth, taking into account your online properties (e.g. ecommerce store, affiliate websites) and their potential growth in the near future.
Make special attention to valuable items. What are valuable items online? As mentioned, these are your online assets that are income-generating also known as monetary online accounts, including online stores, affiliate websites, advertising programs you have joined in the past. This helps ensure that you do not miss something important that you want to give to your loved ones.
Have questions about estate planning, Palm Beach, CA? Contact us today at (760) 365-7000
