The Estate & Asset Protection Law Firm Founder, Victoria L Collier, Writes About The Growing Importance Of Legally Protecting And Passing On Digital Assets To Heirs
Estate & Asset Protection Attorney, Victoria Collier reviews the basics of determining one’s digital assets and legally protecting them in order to pass them on to heirs after death or the incapacitation of owners.
DECATUR, GA, July 19, 2019: Victoria L. Collier, founder of The Estate & Asset Protection Law Firm, has posted a new article on her law firm’s website entitled “How To Establish Legal Rights To Digital Assets” Ms. Collier helps readers understand the value of digital assets and elaborates on including a digital asset plan as part of an estate and asset protection plan.
“As we move deeper and deeper into the digital world,” writes Collier, “we accumulate more digital assets that have monetary as well as sentimental value.” She continues adding, “Sometimes the monetary value of these assets can be worth hundreds of thousands or even millions of dollars. For most regular people though, the value is more likely to be in the thousands or purely sentimental.” “Nonetheless,” she emphasizes, “these assets must be addressed from a legal standpoint when establishing estate and asset protection plans.”
According to Collier, “Until recently, very few laws helped to determine who could access these files and accounts if the user became incapacitated or died. If the deceased or incapacitated person wanted any of their digital assets to be deleted, modified, or distributed to loved ones, it was difficult to discern who would have a legal right to access them.”
Collier goes on to say that, “Since in the not-too-distant past, digital assets were largely not considered by most people, after the death accounts would often be deleted by the company that controlled them or they would just continue to exist unaccessed and inaccessible to family and friends. Now there are laws that help loved ones gain access, but there must be instructions left by the owner.”
When it comes to considering digital assets, Collier provides a list which includes:
- Computing hardware, such as computers, external hard drives or flash drives, tablets, smartphones, digital music players, e-readers, digital cameras, and other digital devices
- Any information or data that is stored electronically, whether online, in the cloud, or on a physical device
- Any online accounts, such as email and communications accounts, social media accounts, shopping accounts, photo and video sharing accounts, video gaming accounts, online storage accounts, and websites and blogs that you may manage
- Domain names
- Intellectual property, including copyrighted materials, trademarks, and any code you may have written and own
The entire article can be read at https://www.elderlawgeorgia.com/articles/how-to-establish-legal-rights-to-digital-assets/
About Victoria Collier
Victoria L. Collier, CELA founded The Estate & Asset Protection Law Firm to serve the legal needs of seniors when their health care needs increase. Victoria is also Co-Founder of Collier Scott Financial Solutions, LLC. At both firms WE BELIEVE that people should not have to lose everything they’ve worked a lifetime to earn and that every person is an individual who deserves respect and the highest quality of life possible, regardless of age or ability.
Victoria enlisted in the U.S. Air Force during Desert Storm, 1989-1995, and also served in the U.S. Army Reserves, 1Lt. 2001-2004, JAG Corps. Victoria is a national expert on the VA Wartime Pension for veterans and their widows who need additional assistance with activities of daily living and helping them qualify for and receive tax-free income from the VA to pay for it. Victoria graduated from Valdosta State University with a B.A. in Psychology and then University of Nebraska, College of Law. In 2014, Victoria was awarded with the Alumni Master Award from the University of Nebraska.
Victoria is a Certified Elder Law Attorney through The National Elder Law Foundation and has been named as the only attorney in Georgia as “Fellow” of the National Academy of Elder Law Attorneys (NAELA). Victoria was appointed by Governor Perdue to the Georgia Council on Aging, 2010 – 2016 and was awarded Dekalb County Veteran of the Year, 2013. She is the author of 47 Secret Veterans Benefits for Seniors; Paying for Long Term Care – Financial Help for Wartime Veterans: The VA Aid & Attendance Benefit. Victoria has co-authored several books: Blooper Episodes in Estate Planning, Don’t Go Broke in a Nursing Home, and Protect Your IRA: Avoid the 5 Common Mistakes. Most notably, Victoria co-authored the National Best Seller, The Road to Success, with Jack Canfield, author of Chicken Soup for the Soul series.
About The Estate & Asset Protection Law Firm
The Estate & Asset Protection Law Firm was established to serve the legal needs of retiring citizens. The Firm focuses its entire practice on providing strategies to protect independence, privacy, assets and taxes from the government. Victoria Collier has grown her law practice and financial services practice by providing excellent customer satisfaction with personalized wealth protection plans.