There was a time when the only type of real estate that you had to concern yourself with when you were planning your estate was tangible property. Everyone in the family would know where your holdings were located, and you simply let your executor or trustee know where the deeds and the keys could be found and your heirs would ultimately have the access that they needed.
These days however we have another level of property ownership to consider when we are engaged in the process of estate planning. A very high percentage of people own some type of virtual real estate, and this is something to account for when you are leaving behind your final wishes.
You may have a website that you utilize to either earn revenue or simply push out information that you find to be useful. Your representative is going to have to know about your web presences, have the appropriate access information, and know what you would like done with them after you pass away.
Even if you don’t have your own website you may well have a Facebook page or some other social networking identity or identities. When it comes to Facebook you can have your page memorialized if you choose to go this route. This entails your existing friends and family being able to post comments while the page is no longer accessible to others or available in searches.
This is one of the details to attend to when you are expressing your final wishes, and though it may be a relatively small one it is something that should be handled appropriately after you pass away.
Mr. Kraft assists clients primarily in the areas of estate planning and administration, Medicaid planning, federal and state taxation, real estate and corporate law, bringing the added perspective of an accounting background to his work.
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