What is one of the most pervasive and significant estate and succession planning failures you have experienced recently? by Kurt Bachman

One major area that clients often fail to address, which creates major difficulties for family members at death, is planning for and documenting digital assets (e.g., sky-miles, hotel points, credit card points, Instagram pages, Apple and Apple Wallet, iTunes, Bit Coin, Venmo, Amazon, PayPal, Netflix, Hulu, photos, Snapfish, Shutterfly, electronic lock codes, sports betting, trading accounts, eBay accounts, and email accounts, etc.). Almost everyone has valuable assets in digital form which are often lost at death because those assets were not properly documented, beneficiary designated, and password or code transferred. These assets must be properly documented during life, and the client should have a plan developed for transferring them at death. Failure to do so can have devastating results and incur unnecessary costs to address.