Last month we met Tony Adams, Sr. and discussed the planning concerns related to his closely-held business. This month we will be transitioning to look at the estate planning, retirement planning, long-term care planning, and health insurance matters for Tony and his wife, Angela.

This program will be an interactive case study into the lives of Tony, Angela, and their family. Our goal with the program is to provide an important look at how professionals from multiple disciplines can work together to provide the best service for their clients.

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Presenter: Betsy Ehrenberg
Speaker profile on LinkedIn

Financial advisors have always had to encourage clients to keep wills and estate plans up to date. In today’s online world, advisors have an added duty: to make sure that if a client passes away his or her digital assets are in order and accessible.

Digital assets, including banking and brokerage accounts, email accounts and photo sites, airline rewards, travel points and social sites should be known to the financial advisor. Data brokers and credit reporting companies should remove the decedent’s name as of date of death. Some digital assets have real value and others might have sentimental value to heirs.

What happens if the financial advisor or fiduciary cannot access these accounts after a client passes away? Many of the accounts might be lost, frozen, deleted or even stolen by a well-meaning successor or even a fraudster.

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Meeting ID: 247 417 8984
Passcode: Legacy

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