When coming up with an estate plan, people may give a great deal of attention to their physical property. However, there is another class of assets that it is important to not overlook on this front: digital assets. This includes things like social media accounts, email accounts, data on the cloud and personal or business websites.
Many adults in Massachusetts have the tendency to forget to update their estate plans. If one has not reviewed their plan for several years, some elements could be missing or out of date. Most people want to at least have a will and powers of attorney that appoint agents to manage financial and medical affairs in cases of incapacitation. Even with these documents, some people neglect to direct the distribution of personal items. This can cause as much or more conflict than assets of greater value.