Financial and Estate Planning in the Age of Digital Assets: A Challenge for Advisors and Administrators^

Genders Rod and Steen Adam ()

Financial Planning Research Journal, 2017, vol. 3, issue 1, 75-80

Abstract: The overwhelming majority of citizens in Australia use email and the internet every day, yet few people stop to think of the value and importance of the online or ‘digital assets’ they possess. Complications arise for trustees and beneficiaries with respect to accessing these assets in the event of death or disability. We examine the nature of these assets and discuss the current legal issues they raise with respect to estate planning and administration. We argue that there is an urgent need for appropriate legislation to be developed to assist fiduciaries to discharge their responsibilities and support beneficiaries.

Keywords: Estate administration; Fiduciary; Digital assets (search for similar items in EconPapers)
Date: 2017
References: Add references at CitEc
Citations:

Downloads: (external link)
https://doi.org/10.2478/fprj-2017-0005 (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:vrs:finprj:v:3:y:2017:i:1:p:75-80:n:1005

DOI: 10.2478/fprj-2017-0005

Access Statistics for this article

Financial Planning Research Journal is currently edited by Mark Brimble

More articles in Financial Planning Research Journal from Sciendo
Bibliographic data for series maintained by Peter Golla ().