Assets are electronic, too!

Incapacity planning and Estate planning change regularly due to tax issues, family dynamics and changes in and to assets. But, many people now store personal and financial information digitally, and electronic entry to some information may be password protected.

So, should people appoint a “digital Executor” in their Wills? Should a Power of Attorney be worded to also permit the Attorney access to digital information or assets?

If you are in such a situation, speak with your legal or financial advisor and make sure your planning documents are up to date.

This ad appeared in the Richmond News on February 15, 2013.