Jane Wollman Rusoff, in LifeHealthPro advises planners on how to assist clients with digital assets in a recent article, “Don’t let clients take their passwords to the grave.”  Her article notes that advisors helping clients plan for the disposition of digital assets post-death, or if they become incapacitated, are performing a new and valuable service: When online assets — like investment or bank accounts — are left out of estate planning, often heirs won’t know they exist.

Her article also notes that Americans value their digital assets at $55,000 on average, according to an MSI International survey conducted in 2011 for McAfee, a security technology company. But 93 percent of Americans who have digital assets have no clue as to what will happen to these when they die, a Harris Interactive 2013 survey found.

Read full article at Don’t let clients take their passwords to the grave | LifeHealthPro.

Posted by Lewis J. Saret, Co-General Editor, Wealth Strategies Journal.