Digital Asset Planning , Password Sharing & the Risk of Liability

Digital Asset Planning Is Essential

Since 2005, the percentage of American adults who have a social media account has increased from 5% to 69%. On average, internet users have 7 social media accounts (up from 3 in 2012). And that number doesn’t include other digital assets individuals may accumulate in their lifetime: emails, bitcoins, domain names, photos, etc.

As people invest more information about their activities, health, and collective experiences into digital media, the legacies of digital lives grow increasingly important. But because online service
policies are as different as snowflakes, each having a different policy for obtaining digital assets, attorneys and heirs face an increasing burdensome, time consuming, and emotionally straining endeavor in obtaining what could be highly sentimental effects or important financial assets.

Faced with this daunting task, numerous attorneys have adopted a well-intentioned, but misguided approach of telling clients to share their passwords with their spousesor likely heirs. By doings so, attorneys are potentially breaking the law. Furthermore, their recommendations to clients to keep their passwords and account information in a safe location or take other precautionary measures are unlikely to save their clients or themselves from federal or state prosecution. Below is a link to the 16 page whitepaper.

With the right help, you are more likely to succeed.
The attorneys at Shoffner & Associates will be happy to help you.


Need a Speaker for a Business Event?

Give us a call at (617) 369-0111 or email law@shoffnerassociates.com


SUPPORT Children of the Night.

Please join us for a lovely Wine Tasting.

The Party is now open for orders if you are out of town…$119 half case: $189 full, mix & match and all gift sets support the non profit.

We do have non alcoholic options. This is perfect timing for Thanksgiving entertaining needs and holiday gifts.

#sipwithimpact #winenot

October 28th, 5-7pm

5 Raleigh Road Marshfield

RSVP by 10/15 please to fashoffner@shoffnerassociates.com

 

 

 

Subscribe

Subscribe to our feed to receive more legal updates.

No comments yet.

Leave a Reply