Our Practice Areas

St. Paul Estate Planning And Business Blog

Don't forget about your digital assets when estate planning

The Internet has overtaken so many facets of our lives, that we may not even realize how pervasive it is. People in Minnesota do their banking and pay bills online, save documents and photographs in the "cloud," own their own online businesses through Etsy, and stay in touch with their loved ones over Facebook. And these are only a few examples of the many types of digital assets a person may have.

Many people in Minnesota with digital assets may have already created an estate plan or are thinking of doing so. What is important to keep in mind is that these days an estate plan should include provisions regarding one's digital assets. After all, estate planning is meant to simplify the management of one's property once one passes away. Without the necessary information, the executor of one's estate could be ill-prepared to deal with the deceased's digital assets.

Business planning is not just about starting, but maintaining

Is there anyone in the Twin Cities who doesn't remember the fiasco at the Academy Awards in February? We doubt it. Warren Beatty and Faye Dunaway were there to present the award for best picture. They announced "La La Land" won. Except, it didn't, "Moonlight" did. The red faces of nearly everyone on stage must have made it look as if the color balance on TV screens was out of whack.

We know now that the accountant tasked with maintaining the security of the envelopes messed up, but we offer that the lack of transparency that is so a major part of the culture contributed to the problem. That's why those with experience in business development highlight the importance of having a solid succession plan and recommend that it be created early and openly.

Meet The Team

Generations Of Experience

Email Us For A Response

Contact The Firm

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

Chandler and Brown, Ltd.
332 Minnesota Street
Suite W2610
St. Paul, MN 55101

Phone: 651-964-6087
Fax: 651-228-9237
Map & Directions

Contact Us