Estate planning has traditionally been a paper-heavy, attorney-driven process. Wills, trusts, and asset inventories often live in file cabinets, vulnerable to being outdated or lost. As digital assets—from bank accounts to cloud storage—become central to modern life, artificial intelligence is emerging as a powerful tool to simplify, organize, and future-proof estate planning. 1. Automating Document […]
How AI is Transforming Estate Planning Read Post »
Digital assets encompass a wide range of intangible properties, from cryptocurrencies and NFTs to online accounts and digital files. In estate planning, these assets require specialized strategies to ensure smooth transfer and protection. Below, we explore their nature, protection methods, and probate challenges. What Are Digital Assets in Estate Context? Digital assets are electronically stored,
The Growing Invisible Estate We All Have Read Post »
RUFADAA is the Revised Uniform Fiduciary Access to Digital Assets Act, drafted by the Uniform Law Commission in 2015. It empowers fiduciaries—like estate executors, trustees, or agents under powers of attorney—to access and manage a deceased or incapacitated person’s digital assets. These assets include cryptocurrencies, cloud files, online photos, domain names, and more. However, electronic
For generations, estate planning has been synonymous with dusty leather-bound folders, lengthy meetings with attorneys, and the solemn signing of paper wills. But like so many other facets of our lives, this age-old practice is undergoing a significant technological transformation. From the assets we own to the tools we use to plan for their distribution, the digital revolution is forcing a fundamental rethink of how we prepare for the inevitable.
The Digital Afterlife: How Technology is Reshaping Estate Planning Read Post »