Traditional estate planning is a must for clients, but since many assets today are accessible online, it's also vital to make provision for the digital estate. Guest blogger William B. Bissett on the Nerd's Eye View blog discusses some of the pitfalls of digital estate planning, such as the legality of password sharing. While the law hasn't necessarily caught up with the digital reality, clients should prepare by developing a comprehensive inventory of digital assets and passwords. The article includes planning scenarios and a digital diagram to get started. Download a free chapter from volume two of The CPA's Guide to Financial and Estate Planning that addresses wills, including digital estate planning issues.
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