Estate planning should include digital assets, Dayton expert says

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Technology is changing the world of estate planning, with new intangible assets that must be accounted for, and new ways of accounting for them.

Carrie Bray, a senior wealth manager withBuckingham Financial Group, said planning for how to pass on digital assets is an essential part of estate planning.

“We own so may assets electronically,” Bray said. “Technology is advancing quicker than the lawmakers can keep up with it, to determine if you can pass those assets on.”

Bray listed some examples of assets that could rack up a significant digital fortune:

• Frequent flyer miles;

• iTunes libraries;

• Online gaming accounts;

• Bitcoin accounts;

• Digital photo collections; and

• PayPal accounts.

read more at http://www.bizjournals.com/dayton/news/2013/11/27/estate-planning-should-include-digital.html