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Think Beyond the Here and Now

Think Beyond the Here and Now

Digital assets come in all shapes and sizes, but they aren’t necessarily indicative of wealth. “Digital assets are anything you find of value in your life that is electronic,” says Evan Carrol, co-author of Your Digital Afterlife, in an interview with WGBH News. “It’s anything you interact with via your computer or smartphone.”
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Make Your Digital Assets Available to Your Family

Make Your Digital Assets Available to Your Family

I’ve been writing a lot about the digital asset portion of estate planning, topics like defining and identifying digital assets, starting the planning process and navigating the legacy element of social media platforms. With these subjects on the brain, a recent digital legacy planning article in the Business Standard jumped out at me. It seemed to funnel everything I’ve been saying into one poignant point: Family history is the fabric of who we are as individuals.
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Are You Unknowingly the Beneficiary of a Life Insurance Policy? 

Are You Unknowingly the Beneficiary of a Life Insurance Policy? 

$1 billion. That’s the estimated amount of unclaimed money sitting in life insurance limbo. The most common reason that one in 600 people don’t claim that money is because they likely don’t know it exists. Oftentimes an insured has a policy that no one even knows about. Sometimes it’s that the beneficiary lost the policy. But in every case, the beneficiary has legal rights to the benefit money.
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What Happens to Your Music – and Social Media Assets – When You Die?

What Happens to Your Music – and Social Media Assets – When You Die?

If you’re anything like me, you’ve spent a lifetime cultivating your music collection, both analog and digital. It’s not a cold collage but a living, breathing extension of you. It’s you personified. In the 12 years since iTunes launched, you’ve invested a lot of time and money cataloging your personal soundtrack, each song capturing a poignant memory or moment in time. A song can spark a memory in a loved one the way nothing else can, but when juxtaposed with securing the delegation of your assets, your musical library hardly seems like the most pressing issue.  However, it is still important to think about. And it begs the question: How do social media platforms fit into this estate planning puzzle?
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Advance Care Planning

Advance Care Planning

The first conversation you need to have about advance care planning is with yourself. What treatment would you want to receive, or not receive, should you have an incurable or irreversible medical condition? If you don’t make your wishes clear, someone else will have to decide for you, generally a spouse or other adult family member or members, and their choice may not be what you wanted. We’ve also all read about situations where the matter has ended up being decided in court.
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