Periodically Dan Penning will appear in the local media to discuss various matters relating to Cottage Law, Estate Planning, Business Succession Planning and Asset Protection.
On July 31, 2014, Dan appeared on Dennis Prout’s (CFP®, Prout Financial Design) Retirement Planning Radio Show on WTCM News Talk 580 AM. Here, Dan and co-host Shea Petaja discuss digital assets as a valid part of estate planning.
Click the link below to listen to the entire radio broadcast:
(Note: Investment Advisory Services offered through Capital Asset Advisory Services, LLC, a Registered Investment Adviser. Capital Asset Advisory Services, LLC, does not offer tax or legal advice.)
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Protecting Your Digital Assets
On Career Day in 1997 when I was a student at SuttonsBayHigh School, I attended the seminar for future communications professionals. The cellular company giving the presentation informed us that, “In 10 years every person will have their own personal cell phone. Landlines will be practically obsolete.” I leaned over to my friend and said, “Yeah right! That will NEVER happen.”
I was wrong.
Our digital devices now serve as an extension of our very being: computers, cell phones, iPads, ebooks, and digital cameras are with us constantly. So what does this have to do with financial planning and your estate?
Dan Penning, Attorney at The Penning Group, will be joining me to talk about our digital assets as a valid part of estate planning. When you consider the intellectual property, licensed material, personal and sentimental information stored on your many devices, you may realize it's time to consider who should have access to your digital property.