Virtual Money Adds New Twist to Estate

What about the bitcoin? As more people own virtual currencies, executors are challenged to deal with this new digital reality. We help answer the question, before money is "locked" or "lost" forever.

07.01.2016 - Fiduciary Trust Canada

Virtual Money Adds New Twist to Estate

The house, cottage, furniture and investments are covered. Jewelry, art and bank accounts are also accounted for in your estate plan. But what about the bitcoin?  

Over the last few years, digital assets ranging from entertainment libraries to social media accounts have been driving change in the supposedly staid world of estate planning. We regularly help clients answer questions about succession planning and how digital assets should be managed in the event of incapacity, or death. Working on the front lines of this relatively new frontier, we appreciate there is no widely understood or accepted consensus on how executors should approach managing digital assets. There are few laws in this area. Traditional documents such as powers of attorney and Wills may not always work well when dealing with digital assets.



What Would Aristotle Do?

10.01.2016 Fiduciary Trust Canada

See what Aristotle and today's blended families share in common. We highlight the unique challenges and surprising ripple effects of important estate planning decisions.

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The Future as You See It

07.01.2016 Thomas E. Junkin, Senior Vice President, Personal Trust Services

Take a will, add a codicil or perhaps a letter of wishes—all examples of documents that, properly structured, can speak effectively on your behalf. Learn how the pieces work alone and in concert.

The Future as You See ItPREVIOUS POST