As the grantor of the trust, should I worry about digital accounts and assets?

The short answer is - yes, as the grantor of a trust, you should be concerned about digital assets, including but not limited to:

1. online bank and investment accounts,

2. social media accounts,

3. email accounts, and;

4. any other online accounts that may hold assets such as cryptocurrency or domain names.

It is important to include these assets in the trust document and provide the trustee with the necessary information to access and manage them. This includes:

1. login credentials,

2. recovery options, and;

3. any specific instructions or restrictions on their use.

You should also consider updating your online accounts and services to reflect the trust as the account holder, if possible. This is quite important for accounts that hold domains to personal and business interests. Changing a digiital account to a trust can be done by changing the account holder name to the trust name, and updating the contact information to the trustee's. This will ensure that the trustee has the ability to manage and access these assets in the event of your incapacity or death.

If you have any questions please contact us at: 310 490 6963 or psasik@sasikmoon.com.