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Digital Assets, Avoiding Probate and Living Wills

Article Type: Ask a Planner

Q: Should I have my will updated by my attorney if it doesn't mention digital assets?

A: Yes, it would be a good idea to update your will if it doesn’t mention digital assets. Digital assets include information stored on laptops, tablets, hard drives, smart phones or online accounts. Additionally, it may also include your email account, social media or blog.

Q: Do my assets avoid probate if I have a will?

A: A will does not provide a probate avoidance guarantee. The better solution for making certain your assets will not be subject to probate court intervention is to place them in a living trust. A living trust is simply a trust you create while you’re alive, rather than one that is created at the time of your passing under the terms of your will.

Q: What is the difference between a living will and a last will?

A: A living will provides direction to your loved ones on how to handle your health care directions, in the event you are medically unable to express your wishes. A last will, however, is primarily used to designate how your assets will be distributed to your loved ones and favorite ministries when you go to be with the Lord.

Have Questions?

To learn more about making a gift in your will and other smart and powerful giving options, contact Barnabas Foundation at 888.448.3040 or email info@BarnabasFoundation.com.