In this digital age, our values have shifted to incorporate digital assets on a level similar to our personal belongings and assets. Accordingly, estate planning and its practices have changed to include these assets. Your digital footprint and memories are not only valuable to you but also your loved ones. We make great efforts to use, share and protect our online photos, files and data while we are alive, but what happens to them after we become incapacitated or die? Howard Collens helped to pass legislation in Michigan that provides guidance and allows you to address the handling of your digital assets within your estate plan. The Michigan Fiduciary Access to Digital Assets Act provides a method for you to grant authority to an agent under a power of attorney, a personal representative under a last will and testament, a trustee under a trust or a guardian or conservator through the probate court for access to social media, online accounts and email. You may also restrict access to digital assets through your estate plan. Galloway and Collens, PLLC is proud to have Howard Collens featured in a recent Lawyers Weekly article, “Include ‘digital assets’ in estate planning,” addressing these concerns. If you would like to learn more on how to grant or restrict access to your digital assets, please follow the link below to read the Lawyers Weekly article.
Michigan Lawyers Weekly Article.
More information on Digital Assets