Why Digital Assets Matter in Your Estate Plan
As digital integration deepens, digital assets (from cryptocurrency to social media accounts) have become an essential estate planning element. Yet, studies show that while 83% of Americans recognize the importance of estate planning, only 31% actually have a will. This gap reveals a major opportunity to secure your digital legacy before it's too late.
What Counts as Digital Assets?
- Cryptocurrency and digital wallets (e.g., Bitcoin, Ethereum)
- Social media accounts and email
- Online photo and document storage
- Digital media collections and domain assets
The rapidly evolving legal landscape for digital inheritance means these assets can be hard to transfer without proper planning.
Key Tools for Digital Estate Planning
- Digital Asset Inventories: List your assets, access credentials, and any special instructions for your digital content.
- Trusts or Wills with Digital Provisions: Nevada allows trusts to include specific directions for digital assets. Pairing a trust with detailed digital instructions ensures a smoother transfer.
- Executor Access & Legal Authority: Grant an executor the clear legal authority to manage or transfer digital property. This avoids legal roadblocks posed by privacy laws.
- Use of Safeguarding Tools: Consider secure services or encrypted repositories where access can be granted to designated parties posthumously. Forward-thinking—especially helpful for cryptocurrency planning.
The Cost of Oversight
Neglecting digital estate planning can render valuable assets such as cryptocurrency, business records, and sentimental content inaccessible. Worse still, without legal provisions, these assets may be lost or locked irretrievably. In 2025, the anticipated $84 trillion wealth transfer looms large, yet only a fraction of Americans have adequately prepared.
What Bowler & Twitchell LLP Can Do for You
At Bowler & Twitchell LLP, your Las Vegas Estate Planning Attorneys, we specialize in comprehensive, forward-looking estate plans that reflect modern realities - digital and all.
- Personalized assessments of your digital and cryptocurrency holdings
- Estate planning documents, including wills, trusts (revocable and irrevocable), powers of attorney, and digital directives
- Seamless integration of advanced digital-asset strategies with Nevada law, ensuring clarity, legality, and peace of mind
Ready to Secure Your Digital Future?
Bowler & Twitchell LLP is here to guide you through every step, ensuring your digital legacy is safely preserved and accessible to those you entrust.
Call us at (702) 703-6998 today or contact us online to schedule your consultation and protect what matters most.