What are digital assets

Estate Planning must include Digital Assets

Asset Planning, Digital Assets, Estate Planning
What are digital assets

How many things in your life do you manage or store on your computer, tablet, smartphone or online? Like many people today you probably access photos, videos, music, e-books, blogs, movies, emails, conversations, social media, games, bank accounts, medical records, and even your identity – all online.

All of these are called “digital assets” and they may be of financial or sentimental value to you and your family. They can be just as precious and important as physical assets that you can touch. They should be part of your general planning for what happens when you die or if at any time you are unable to manage your own affairs.

Starving Last in the Jungle | Genders and Partners | 7 Asset Protection Techniques

Protect your wealth – it’s a jungle out there

7 Asset Protection Techniques, Asset Planning, Asset Protection, Trusts & Guardianship
Starving Last in the Jungle | Genders and Partners | 7 Asset Protection Techniques

How many million-dollar lawsuits against homeless people do you hear about? None. That’s because lawsuits aren’t filed against poor people; they are filed against those with enough assets to make the expense of litigation worthwhile.

We all need to maintain an acute awareness of what can happen in ‘the modern jungle.’ None of us want bad things to happen to us and our families, such as bankruptcy, creditors, predators, gold-diggers, the ATO… but we need to keep our guard up against others who may not share our foundational assumptions of fair play and justice. Other, perhaps more aggressive ideologies, could run right over our sweet & trusting natures if we let them