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If you want to help make sure your digital assets are properly distributed after you've died, you can use a Digital Asset Trust. Many of us now have valuable documents, images, and music digitally... Read more
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Making a Digital Asset Trust
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What is a Digital Asset Trust?
If you want to help make sure your digital assets are properly distributed after you've died, you can use a Digital Asset Trust. Many of us now have valuable documents, images, and music digitally stored on computers and online in the "cloud." "Digital" means anything online or on your computer, including blogs, email accounts, and photos on your hard drive.
Use the Digital Asset Trust document if:
- You want to make sure your digital assets are properly distributed when you pass.
- You want to choose the person or organization that will receive your digital assets.
- You'd like to assign someone to manage your digital assets if you're unable to.
A Digital Asset Trust is a new kind of trust, in that it covers intangible digital material that is best understood as information, rather than something physical. For instance, if you've scanned precious photographs, but have lost the original prints, you'll want to make sure those digital family photos that span five generations are in good hands. And if you have a lucrative blog, you can help ensure the right person can easily take over upon your death. A Digital Asset Trust can help, but it's still a smart move to work with an attorney, as the area of digital estate planning is a relatively new field of law and there is no guarantee that your wishes can be fully implemented. We suggest that you consult an estate planning attorney to incorporate your digital assets into your Digital Asset Trust.
Other names for this document: Digital Property Trust, Online Asset Trust
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