Factoring digital assets into the estate planning process

Useful tools for advisers looking to demonstrate tech savviness

clock • 3 min read

Clients’ online presence and digital assets could form a significant consideration in estate and succession planning, writes Emily Deane. Here she explains how advisers can demonstrate their tech savviness…

Cryptocurrency is never far from the news. This month, reality TV star and entrepreneur Kim Kardashian has agreed to pay a £1.12m fine for advertising the currency EthereumMax on her Instagram page. The US Securities and Exchange Commission said that Kardashian had received $250,000 for advertising the cryptocurrency, without disclosing she had been paid to do so. Although cryptocurrency is perhaps the best-known digital asset, all of your clients will have some sort of cloud-based assets such as email, online banking or photos. There are several tools available to advisers looking...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Estate planning

The role of advisers in implementing clients' testamentary wishes

The role of advisers in implementing clients' testamentary wishes

How to avoid challenges to a will after a client death

Elizabeth Sainsbury and Carmen Barragan-Lopez
clock 15 January 2024 • 4 min read
Part of the plan: LPAs are the missing piece of the advice jigsaw

Part of the plan: LPAs are the missing piece of the advice jigsaw

Legislation aims to improve lasting power of attorney system

Justin Rourke
clock 23 November 2023 • 2 min read
Quarter of advisers leave clients to start estate planning conversations

Quarter of advisers leave clients to start estate planning conversations

The difficulty of discussing death with clients is a barrier

Isabel Baxter
clock 07 November 2023 • 1 min read