“As technology has improved, our digital lives have only grown more tangled and cluttered.” — Ryan Holmes
Decrypting digital disclosure
In today’s digital world, almost everyone has an email account, social media profiles, and an online banking account. But what happens to these digital assets when a person dies or becomes incapacitated?
Effective April 1, 2016, Wisconsin Act 300 – also known as Wisconsin’s Digital Property Act – has clarified the process of disclosing digital property to fiduciaries and custodians, and helped remove various barriers to access.
Get an introductory overview of this new law and what it means for your clients and your practice at Wisconsin’s New Digital Property Act. You’ll also get the unique opportunity to hear about the Act’s history from two members of the Wisconsin Digital Property Committee who helped craft the law’s language – presenters Kenneth P. Barczak and Benjamin P. Brunette.
Know the basics
Wisconsin’s New Digital Property Act is a smart starting point for understanding the core components of the Act. You’ll learn:
- Statutory language and definitions of digital property
- Obstacles frequently faced by fiduciaries seeking access to digital property
- Responsibilities of custodians and fiduciaries
Get your priorities straight
The Digital Property Act has created a priority system for determining the disclosure of digital property. Explore the different types of priority, including online tools, wills, powers of attorney, and direct disclosure. Get familiar with which types of priority override others.
Under the Act, individuals can state their intent to grant access to their digital property to a fiduciary through an online tool or estate planning documents. Find out more about the opt-in nature of this new process as well as the importance of incorporating digital property language into estate planning materials.
Don’t get left behind
As daily life becomes more digitized, your clients will leave behind larger digital legacies. Prepare your practice to handle digital property planning with help from Wisconsin’s New Digital Property Act. Order today!