We provide research to the legal team, financial advisors, wealth managers, and estate administrators, helping them to discern the subtle differences between digital assets and electronic records.
For example, an author may have a manuscript 90% done and stored in digital format at the time of death. This manuscript is a valuable asset of the estate held in digital form; it should be retrieved and included in the asset inventory. An airline miles account, on the other hand, constitutes a valuable electronic record as opposed to being a digital asset. The miles recorded in the account have value for the estate and the beneficiaries.
Using defined asset groups ensures proper inventory classification and preservation of the estate’s value. Asset access differs depending on classification.
Fiduciaries, executors and estate administrators save hours spent searching for user logins and passwords, which under recently adopted legislation may no longer be used to impersonate the deceased.