In today’s digital age, it’s not just physical possessions and bank accounts that matter in estate planning—digital assetsplay a crucial role too. Digital assets can include everything from online bank accounts, cryptocurrency wallets, and cloud photo storage to email accounts and even social media profiles.
When a person passes away, these digital assets may be locked behind passwords or protected by privacy laws. If they are not specifically addressed in the will or trust, it can create confusion and legal delays. In some cases, families never gain access to valuable or sentimental digital content.
To prevent this, estate plans should include a digital asset inventory and instructions for access. Executors may need usernames, passwords, and authority under state laws such as the Revised Uniform Fiduciary Access to Digital Assets Act (RUFADAA).
Failing to plan for digital assets can lead to financial loss, missed information, and unnecessary complications. If you’re an heir waiting on an inheritance tied to online investments or accounts, knowing the estate includes digital property is key.
At Approved Inheritance Cash, we understand that modern estates are complex. If delays due to digital assets are slowing your inheritance, contact us to learn how an inheritance advance can help you access funds today.