Unlike an estate plan which is valuable for an individual who has significant real property and monetary assets, a digital estate plan is important for anyone with digital assets.
A digital executor can make the difference between a client losing a lifetime's worth of digital assets and ensuring their preservation across generations.
There is a new generation of clients and their adoption of digital technology into daily life has created a new class of personal assets that is ignored or omitted by most wills or trusts.
A digital executor needs technical skills and business acumen to navigate through another person's digital assets. Roadblocks include the absence of a digial asset inventory, missing login credentials, encrypted data, and terms of service agreements that limit or preclude third-party access.