Reality Bytes: Mandating an Urgent, New Approach to Dealing with Digital Assets
by George C. Constant | Contributing Guest Writer, Constant Law Group
Every minute, some 168 million emails, 695,000 Facebook updates, 300 Twitter accounts, 600 YouTube uploads, and 100 new LinkedIn members are born. The average American in a household earning at least $75,000 annually has a smartphone. Over the past decade, the average number of accounts per person has skyrocketed from approximately 10 to 130, with that number reaching an estimated 200by 2020.
From online health records, to virtual communications, the ever-increasing Internet of Things canvases almost every aspect of our lives. Estate planning must evolve in order to accommodate this permanent shift. Read this article to learn some strategies to incorporate this in your estate planning checklist for every client.