Chayet & Danzo, LLC

Call for a Free Initial Consultation

Direct 303-872-5980
Toll-Free 888-472-1088
Email Us

COVID-19 NOTICE:

After careful review of the COVID-19 environment, the law firm of Chayet & Danzo, LLC, will be conducting in-person appointments in our offices on a limited basis and with strict social distancing protocols.

During this time, our team will continue to diligently work remotely on all client matters and will maintain communication through email, telephone, and video conferencing. Our main office number, (303) 355-8500 will continue to be answered during our normal business hours of 8:00 a.m. to 5 p.m. Monday – Thursday and 8:00 a.m. to 4:00 p.m. on Fridays.

This decision to have limited appointments in-office while following strict social distancing protocols is in the best interest and health of our team, clients and community.

We will continue accepting new clients during this period as well as fully servicing our existing clients.

We wish you and your family continued health during these unique and challenging times.

Compassion, talent and dedication:
guiding colorado families and Their Trusted Advisors During Times of Need

Protecting online information an integral part of any estate plan

When it comes to creating a will, most people end up focusing on their bank accounts and tangible assets. They decide how to distribute their money, what to do with their home and who should get certain meaningful items of personal property.

However, in this modern age, this is no longer enough. So many important things exist on the computer and online, and it is therefore extremely important to consider these digital assets when creating an estate plan.

Online financial information

Perhaps the most important thing to consider when making a digital estate plan is access to online banking and investment accounts. If you are not receiving paper statements, your loved ones may have no way to access – or even know about – your accounts once you pass away.

Many people assume that their executors will be able to find everything they need so long as they can access the computer. However, this is rarely the case. It is important for every person to make a list of all of their online accounts and the login information required to access them. This list should be updated whenever an account is created or closed, or whenever a password is changed.

There are a number of options for ensuring that this information gets passed on. Some people may feel comfortable sharing their list with the person they have designated as their executor. Others who desire more privacy may prefer to store the information in a safe deposit box or to provide a copy to the attorney who maintains their estate plan.

Other digital assets

Financial accounts aren’t the only assets to consider, though. Email accounts may contain correspondence that will be meaningful to a person’s survivors. (Or, conversely, messages that a person would really prefer to keep secret!) Social networking accounts like Facebook or Instagram likely contain stores of pictures that loved ones would like to download and keep. It is important to decide who will have access to these accounts and to give direction on what should be done with them.

The estate planning process is even more complicated for photographers, graphic designers, writers, entrepreneurs or anyone else who stores their work product or business information in digital form. These assets may have significant financial worth in addition to whatever sentimental value they hold. Failing to give direction as to how these assets should be handled may cause a person’s loved ones to wind up fighting or involved in litigation.

Working with an attorney

These are only a few of the many issues involved in protecting digital assets. If you have not yet made arrangements to protect your online accounts and personal information, it is advisable to make an appointment to discuss the issue with an experienced estate planning attorney.

Contact Our Firm

Co-Counsel Services for
settling of Personal Injury and Divorce Cases

Read More

Important intake forms

Prepare for your Meeting

Our Elder Law & Estate Planning Blog

Read Weekly Updates

Join our mailing list

Sign up here

Recent Blog Posts

What is involved in executing an estate?

One of the most important things to consider when creating an estate plan is who to name as your estate executor. It is a big responsibility with potentially minimal reward. You could choose a family member or friend. Alternatively, you could opt for someone who does...

What happens if someone is given conservatorship over me?

As a child, you probably dreamed about the day you became an adult and escaped your parents’ authority. Once you turned 18 years old, you could make your own decisions on how you spent your money and what you did with your life. However, a court could decide to take...

How would a special needs trust benefit my child?

If you have a child with special needs, you need to take extra steps to ensure that they will be well cared for if you die or become incapable of looking after them. While this is important for any parent, the fact your child may need assistance for the rest of their...

What is involved in executing an estate?

One of the most important things to consider when creating an estate plan is who to name as your estate executor. It is a big responsibility with potentially minimal reward. You could choose a family member or friend. Alternatively, you could opt for someone who does...

What should you do with your primary residence in your last will?

Owning your own home is a cornerstone of the American dream. For many American adults, it can take a lifetime of hard work to purchase and then pay off a house. Homeownership is probably something you feel very proud about. Your home also represents a valuable asset...