Planning for Digital Assets
Presentation: 12:15-1:15pm (Note the extended time)
An estate planner needs to recognize the composition of the client’s digital estate and plan for it accordingly. Likewise, a fiduciary has the duty to marshal a decedent’s assets including gaining access to digital property. Attend this meeting of the SEPC to learn how to plan for digital assets and how state and federal laws may hamper access to a decedent’s online accounts—and get planning tips to minimize those obstacles.
What Attendees Will Learn:
- Identifying digital assets so attendees may appreciate the vastness of a client’s digital estate.
- Demonstrating the reasons why it is of vital importance to plan for digital assets.
- Explaining how user agreements and federal law place hurdles in the way of proper planning for digital assets.
- Enumerating the techniques available to plan for a client’s digital assets.
- Showing the obstacles to using these planning techniques.
- Discussing how fiduciaries may gain access to digital assets under current state law, the Uniform Fiduciary Access to Digital Assets Act, the Privacy Expectation Afterlife and Choices Act, and the Revised Uniform Fiduciary Access to Digital Assets Act.
- Reviewing areas where future reform is likely.
About the Presenter
Gerry W. Beyer joined the faculty of the Texas Tech University School of Law in June 2005 as the first holder of the Governor Preston E. Smith Regents Professorship. Previously, Prof. Beyer taught at law schools coast-to-coast and even in Australia. As a state and nationally recognized expert in estate planning, Prof. Beyer is a highly sought after lecturer. He presents dozens of continuing legal education presentations each year for many state and local bar associations, universities, and civic groups. He is the editor of the most popular estate planning blawg in the nation which for the past five years has been named to the ABA Journal's Blawg 100. Prof. Beyer is the recipient of dozens of outstanding and distinguished faculty awards including the Chancellor’s Distinguished Teaching Award, the most prestigious university-wide teaching award at Texas Tech, the 2015 President’s Academic Achievement Award, and the 2012-2013 Outstanding (Law) Researcher Award. Professor Beyer received his J.D. from the Ohio State University and his LL.M. and J.S.D. degrees from the University of Illinois. He is a member of the Order of the Coif, an Academic Fellow of the American College of Trust and Estate Counsel, and a member of the American Law Institute. In 2015, Prof. Beyer was inducted into the NAEPC Estate Planning Hall of Fame.