It is not easy for some people in Tennessee to make decisions regarding their futures. Estate planning can be a confusing and sometimes difficult process as it requires consideration of one's wishes for distribution of assets and payment of debts after the estate holder dies. While some people may think they are too young to need to do this or not wealthy enough to require it, every adult can benefit from this type of protection. When making these plans, a person will want to consider digital assets as well. 

Most people consider only their medical wishes and physical assets when estate planning. Digital assets include any type of personally held or owned electronic record. This includes payment accounts, online banking accounts, social media accounts, email accounts and credit card rewards. Even though these things are not tangible, they still have value, and they should be accounted for in a person's estate plan.

Estimates indicate that each household has about $50,000 in digital assets. Planning for digital assets should include naming a beneficiary to access and manage these accounts. The person granted access should have permission to manage these assets as well. Failure to address digital assets could result in some assets and information being locked away and remaining inaccessible to family members forever.

When estate planning, it is beneficial to look beyond the physical. When considering what types of protection may be necessary, it may help to speak with an experienced attorney about these things. An assessment of a person's estate, financial standing and online assets can reveal what steps will offer the most protection for a Tennessee adult.

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