Many people in the Kent area use digital media in many different ways. They purchase music and movies. They have accounts with Facebook, Amazon, ITunes and others. So, when a person passes away what happens to these assets and can they be included in a will?
For many Kent area residents, pets are an important part of the family. Dogs and cats are the most common companion animals, but many people also have birds, turtles and other reptiles. Many times these animals can outlive their owners, and when that happens it is important to have a plan for where these pets will go. A will can be a good place to put in a plan for what should happen to beloved family pets after an owner passes away.
Some of the most contentious inheritance disputes in Washington courts concern not money per se, but unique items such as valuable artwork or antiques, or even items of only sentimental value. People spend hours crafting their wills, attempting to treat their heirs fairly by dividing their bank accounts, but often forget to make a plan for great-grandma's rocking chair in their will. People spend years amassing collections of rare records, and then forget to ask if any of their children want them.
When crafting their estate plans, Washington residents think a lot about how to divide their financial assets, sentimental items and uniquely valuable pieces of property such as artwork or antiques. These are all important things to consider, but there is another category of assets many people forget about: digital assets.
A common reason cited for crafting an estate plan is to provide a financial legacy for one's children. However, many Washington residents feel that this advice does not apply to them. For instance, some do not have children, and some feel that they don't have enough money to make the effort worthwhile, and so they decide to do nothing. That decision is misguided.