Whether appointed a personal representative or a trustee, you cannot overlook digital assets. An online brokerage accounts comes with a known value. But other accounts such as iTunes or Pokémon Go! (level 14 is bringing in more than $100 on eBay) have value. Online properties like Facebook and Gmail can be notoriously difficult to access without login information.
An important part of estate planning for many people, particularly the wealthy, is philanthropy. Being able to leave a legacy behind for a beloved charitable organization or favored cause is a priority for these individuals.
One of our own, founding attorney and partner Marco Chayet, is proud to announce that he will be assuming an important new role as Board Chair of the NextFifty Initiative, an organization aimed at increasing the quality of life for Colorado's aging population.
In our recap of the latest legislative session, we get to revisit a subject from last summer: digital assets. Colorado has enacted the Revised Uniform Fiduciary Access to Digital Assets Act. It will become effective at the beginning of August.