What’s going to happen to your social media platforms and online business assets upon your incapacity or death?
Related post:
“How To Protect Your Digital ASS(ets) With Estate and Business Succession Planning”
Estate Planning for Your Social Media Platforms
Excellent information, Mitch. There are a couple of legaltech startups that I’ve seen in the last couple of years who are supposed to be able to terminate all digital assets if you are deceased. It has been a while since I’ve looked at them, so I’ll have to do some research to see if I can find them to post here as resources. Digital asset management is a complicated and can become a nightmare if families to not properly prepare.
Thanks Nick! Whether its termination or estate planning/ business succession planning, there’s a need to take this new dynamic into consideration. Yes, I’d enjoy seeing these new startups.
Great info Mitch! These considerations should be in any general power of attorney, trust, or will in this very digital world we live in.
I like that mentioned will, trust and power of attorney. Great tools to help make this happen. I’m thinking this is a new standard of care for the estate planning attorney. We’ll see what happens. Thanks for the kind words Scott!