It’s quite shocking to consider the rapid advances in technology we have seen over last decade, not to mention how technology has infiltrated most aspects of our daily routines. Statistics vary from state to state, but anywhere from 30% to 50% of people with internet access have a social media account. Consumer use of cloud-based data storage services as well as e-commerce services are on the rise. Even with the increased technology use in our society, most people fail to account for these “Digital Assets” in their estate plan. Just as a savings account at the bank needs to be coordinated with an estate plan, so do these new classes of Digital Assets. Please take a look at the following article from the Wall Street Journal to further explore the implications. http://www.wsj.com/articles/estate-planning-for-digital-assets-1431357357
-Spencer