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Ignoring digital assets in estate plans puts clients at risk

Thursday, February 16, 2017 @ 7:00 PM | By Donalee Moulton

Traditionally when lawyers and accountants assist clients with estate planning they have been concerned with real property, bank records and tax-related issues.

In today’s virtual world, however, they must also be concerned with social media accounts, online credit card usage and other digital assets. For many lawyers and accountants, this is new territory.

Including digital assets in estate planning is not optional, said Jamie Hopkins, a lawyer and professor of taxation at The American College of Financial Services in Bryn Mawr, Pa. “The biggest mistake today...