When people in Georgia ponder how to provide for their loved ones after they pass away, they may think about making a will or preparing other key estate documents. However, many people do not take into account the changing digital reality of many assets. From investment accounts to cryptocurrency wallets, online access is critical to many significant financial assets. In addition, there are many other aspects of online identity, including email accounts and social media profiles, which can often be important to daily life and communication.
Celebrity experiences highlight importance of estate planning
Many people in Georgia love the music of Aretha Franklin, known widely as the Queen of Soul. However, like many celebrities, she did not leave behind a clear estate plan to distribute her valuable assets among her family members. Franklin's experience may highlight the importance of estate planning to avoid a lengthy, costly probate process for loved ones left behind. After Franklin passed away in August 2018, news reports noted that she had not left behind a will. As a result, her estate has been in probate court since that time with family members disputing over the distribution of her substantial estate.
