Most people think about their home, bank accounts, and investments when creating an estate plan. However, many overlook an increasingly important category of property: digital assets. From family photos stored in the cloud to email accounts, social media profiles, and cryptocurrency holdings, these assets can have significant financial and sentimental value.
Without proper planning, loved ones may have difficulty accessing digital accounts after a death due to privacy laws and platform restrictions. Michigan law allows fiduciaries to manage certain digital assets, but obtaining access to account content often requires specific authorization from the account owner.
Working with an experienced estate planning attorney in Ann Arbor can help ensure your wishes are clearly documented. Estate planning documents such as wills, trusts, and powers of attorney can include provisions that authorize trusted individuals to manage digital assets when necessary.
We help individuals and families create comprehensive estate plans that address both traditional and digital assets. Taking proactive steps today can help preserve important memories and simplify matters for your loved ones in the future. Schedule a consultation and discuss your estate planning needs today!
