Livens & Reed, PLLC

Estate planning can now provide for a digital legacy

Most people are familiar with popular components of a contemporary estate plan in Texas. These components can include wills, trusts, medical directives and power of attorney documents. In addition to safeguarding our physical and financial assets through estate planning, there is now a need to provide protection and dispensation instructions for one's digital assets. This has been taken up under measures such as the Revised Uniform Fiduciary Access to Digital Assets Act (RUFADAA) which has been passed by many states, including Texas.

This law allows one to designate a person as the legal heir to one's digital assets. These assets could include phones, computers and online social media accounts and even bitcoin accounts. Simply entrusting passwords and account information to an individual could leave that person open to charges of hacking or worse. Digital authorization can be granted through a will or a trust. The advantage to a trust is that it can also provide for access in the event of one's physical or mental incapacity.

In order to establish protection for digital assets, a couple of steps should be undertaken. Establish an inventory of all of one's online information. Everything should be included as it's better to overprotect than neglect to provide access to a critical account. Ensure that username and password information for those accounts is documented and securely stored. Update one's estate plan to include all pertinent information regarding the digital assets.

The digital world has grown and become an integral part of many people's lives. Establishing how it will be handled following one's death is becoming an important estate planning issue. No one will live forever, but one's digital life can continue as part of one's legacy. A person in Texas who is considering protecting one's digital footprint could possibly benefit from a conversation with an experienced estate planning attorney.

No Comments

Leave a comment
Comment Information
EMAIL US FOR A RESPONSE

Schedule A Consultation With An Attorney

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

2516 Harwood Road
Bedford (Fort Worth), Texas 76021

Toll Free: 800-569-2663
Phone: 817-545-3425 (FW)
Fax: 817-545-9847 (FW)
Map & Directions

14135 Midway Road
Suite G-250
Addison (Dallas), Texas 75001

Phone: 972-685-5202
Fax: 972-685-5206
Map & Directions

Livens & Reed, PLLC

Free Initial Consultation | Se Habla Español

Bedford (Fort Worth): 817-545-3425 | Addison (Dallas): 972-685-5202 | Toll-Free: 800-569-2663