For most New Jersey residents, the digital world is a part of their daily life. We use the Internet for shopping, communication, storage of files and photos and more. An increasing portion of our lives is stored online, and that trend seems destined to continue. When considering estate planning needs, many people fail to recognize the importance of including their digital holdings within their asset protection strategy.
In fact, many people are not even aware of the scope of their digital assets. We have grown so accustomed to holding our wealth in a more tangible form that it can be difficult to appreciate the value of those things that exist primarily online. Examples vary from online banking accounts and frequent flyer miles to things of a more sentimental nature, such as digital photos or scanned family documents.