As technology advances, the way we store and accumulate wealth has also evolved. Nowadays, many people own virtual assets, such as cryptocurrencies, digital photos, and online accounts. These assets can hold significant monetary and sentimental value, which raises the question: can you inherit virtual assets in Missouri?
The answer is yes, but the process is not always straightforward. In Missouri, the law defines virtual assets as property and includes them in the definition of assets that can be inherited. However, unlike tangible assets, virtual assets are not physically present and are stored in digital form. This means that accessing and transferring virtual assets after a person’s death can be more complex than transferring traditional assets.
To ensure that your virtual assets are properly included in your estate plan, it’s crucial to work with an experienced estate planning attorney. They can help you identify all your virtual assets and create a plan for transferring them to your beneficiaries. You may also consider including specific instructions on how to access and manage your virtual assets in your estate plan.
At Polaris Estate Planning & Elder Law, we specialize in estate planning and can help you navigate the complexities of virtual assets in Missouri. Our upcoming workshop will provide you with the knowledge and tools you need to create a comprehensive estate plan that includes all your virtual assets.
Don’t wait until it’s too late to plan for your virtual assets. Register for our workshop today and take the first step towards securing your legacy.
In conclusion, virtual assets can be inherited in Missouri, but it’s essential to have a plan in place to ensure that your beneficiaries can access and manage them after your death. By working with an estate planning attorney and attending our workshop, you can ensure that your virtual assets are included in your estate plan and your legacy is protected. Reach out today to learn more.