Digital Assets Now Critical Part of Estate Planning, Says Tseng Law Firm

As digital property-from cryptocurrency wallets and online storefronts to family photos stored in the cloud-becomes an increasingly vital part of modern life, Tseng Law Firm is encouraging individuals and families to update their estate plans to account for digital assets. Attorney Sabrina Tseng, founder of the firm, is raising awareness about the growing need to protect online holdings with the same diligence historically reserved for bank accounts, real estate, and personal property.

"The average person now holds dozens of digital accounts, many of which represent real financial or sentimental value. Without clear instructions and legal consent for access, many of these assets could disappear after death-locked behind passwords, privacy protections, and service agreements," said Tseng. "We want clients to consider the full digital footprint they will leave behind, and to make sure they've named someone legally authorized to manage or close those accounts."

Digital assets can include everything from revenue-generating websites, cloud storage, and digital media to virtual payment platforms like PayPal and Venmo, as well as personal items like emails, photos, and social media profiles. Under California's Revised Fiduciary Access to Digital Assets Act, passed in 2017, executors or trustees may gain access to certain digital assets, but only when proper legal language and consent are built into the estate plan. Without it, even a death certificate may not be enough to grant access.

Tseng recommends clients make a thorough inventory of their digital assets-documenting account URLs, usernames, passwords, and instructions for how each should be managed. She notes this information should be stored securely and updated regularly. Some clients may wish to have social media accounts deleted after death, while others may direct a trusted person to maintain accounts in their memory or oversee the managed transition of online businesses or monetized content.

"Outdated estate plans can put your legacy at real risk," Tseng added. "Whether you're a small business owner, a digital creator, or someone who just wants to ensure their online memories are preserved for loved ones, you need to make digital planning part of the conversation."

Tseng Law Firm specializes in comprehensive estate planning tailored to California's evolving legal landscape, including provisions for digital property and digital executors. To learn more or schedule a consultation, visit https://tsenglawfirm.com/

Read the full blog post at https://tsenglawfirm.com/estate-planning-for-digital-assets/

Tseng Law Firm
Sabrina Tseng
(510) 835-3090
2413 Webb Avenue Suite B Alameda, CA 94501
https://tsenglawfirm.com/

Tseng Law Firm is a trusted estate planning and probate law firm serving clients throughout the San Francisco Bay Area with a commitment to clarity, compassion, and comprehensive legal guidance. Led by attorney Sabrina Tseng, the firm provides personalized solutions for wills, trusts, powers of attorney, and other essential estate planning tools, helping individuals and families secure their legacies and navigate complex legal matters with confidence. With a focus on building long-term relationships and demystifying the legal process, Tseng Law Firm ensures clients are supported at every stage of life. Learn more at https://tsenglawfirm.com/

This release was published on openPR.