This week’s Word to the Wise is Digital Representative/Trustee: The trusted person selected by you to manage your digital assets after you die. Why does a digital representative/trustee matter in estate planning? When someone dies, the only way their digital assets can be accessed is if they have shared logins and passwords and
This week’s Word to the Wise is: Guardian: A responsible adult who would care for your children if you are unable. Why identify a guardian for your children now? Your children are your most important priority. If you become incapacitated in some way, you want someone trustworthy to care for them in your place.
This week’s Word to the Wise is: Digital Assets: Computer files and accounts, such as online accounts (including social media), patents, and computer records. Why do digital assets matter in estate planning? When someone dies, the only way their digital assets can be accessed is if they have shared logins and passwords and other
This week’s Word to the Wise for estate planning is: Debt: An amount of money owed to another person or party. Why does debt matter in estate planning? After you die, the assets of your estate must be used to resolve all unpaid debts you owed, including credit card balances and loans.