Whether a digital asset is revenue generating, like an online business, or merely sentimental, like a photo-sharing site, the asset will eventually be part of your client's estate. Estate planners must be alert and aware of what access the Michigan Fiduciary Access to Digital Assets Act (FADAA) provides and what access can be provided in an estate plan to meet the needs of their clients.
Watch so you can:
- Advise your clients on managing their digital assets in their estate
- Assess your clients' options regarding access to their digital assets
- Strategize methods of access to digital assets that effectuate your client's wishes
- Be aware the field of digital asset estate planning is evolving and still in development