The Tangled Web Of Planning For Digital Assets (2015)
1.0 TOTAL CREDIT: 0.5 professional practice; 0.5 skills
Rare is the adult individual today who does not own some form of “digital” asset or account – Facebook, YouTube, Twitter, LinkedIn, email, blogs, commercial websites…the list goes on, and the use of such assets will certainly continue to increase.
This important, timely program and webcast will focus on what the New York trusts and estates practitioner can do to handle and protect the client’s digital assets in estate planning and after death. Our knowledgeable speaker, Jill Choate Beier, is the principal draftsperson of legislation proposed by a joint New York State Bar Association and New York City Bar Association committee seeking a new Article 13-A of the EPTL, to be titled “Administration of Digital Assets.”
Critical issues lawyers and fiduciaries will have to handle in planning for and administering digital assets to be reviewed in this program are:
* The definition of digital assets and the issues associated with accessing them, securing them and distributing them.
* The importance of planning for the distribution of digital assets at death and during life.
* Potential obstacles and risks associated with planning for digital assets, such as privacy violations and federal and state hacking laws.
* Recommended planning techniques to avoid the pitfalls and ensure smooth administration of digital assets.
* Navigating through all of these issues to ensure the client’s wishes are satisfied while preserving the integrity of the digital assets and preventing identify and content theft.
This program will be a valuable overview of how you may become current and familiar with this rapidly developing field of digital estate planning and administration.
About the speaker:
Jill Choate Beier is a partner with McGlashan Law Firm, P.C., of New York City. Her practice includes a broad range of matters in the personal planning area, including estate and tax planning for individuals and families; estate and trust administration; all aspects of Surrogate's Court practice, including probate proceedings, will contests and guardianships, and planning for charitable giving and philanthropy.
In addition to her practice, Ms. Beier teaches classes in accounting, income taxation and business law at Marymount Manhattan College.
Total Credits: 1.00 | Areas of Professional Practice: 0.50, Skills: 0.50