Planning with Digital Assets
PLANNING WITH DIGITAL ASSETS
“AS TECHNOLOGY HAS IMPROVED, OUR DIGITAL LIVES HAVE ONLY GROWN MORE TANGLED AND CLUTTERED.” – RYAN HOLMES
You may have planned for family members to eventually inherit the house and cabin, the '57 Chevy, Dad's Rolex watch, or other family heirlooms, but with life increasingly being lived online, you may be overlooking an increasingly important kind of property: Digital assets.
If an estate plan doesn't account for digital assets properly, heirs may not have access to them. Family photos and videos could be lost forever, social media accounts could stay online long after someone has passed, and heirs may not receive all they should.
Rochester Golf and Country Club, Cricket Room
5:00 – 5:30 Social / Networking (Cash Bar)
5:30 – 6:00 Buffett Dinner
6:00 – 7:00 Planning With Digital Assets Presentation
Lawrence J. Macklin, Esq., CPA, AEP® is a managing director and wealth strategist with U.S. Trust, Bank of America Private Wealth Management in Baltimore, MD. He coordinates the development and delivery of innovative strategies and solutions for high net worth individuals and families in the areas of single stock concentrations, estate and wealth transfer planning, charitable giving and retirement, income tax, business succession and stock option planning.
Mr. Macklin began his tax and estate planning career in 1982 and joined U.S. Trust in 1994. Prior to joining U.S. Trust, he was associated with Venable LLP, a national law firm, as well as the accounting firm of Price Waterhouse. Mr. Macklin has served as an adjunct professor of law at Stevenson University (formerly Villa Julie College) in Baltimore, Maryland and as an adjunct professor of taxation in the graduate business program at The Johns Hopkins University. He has written for Tax Management’s Estate, Gift, and Trust Journal, the Journal of Wealth Management, The Practical Tax Lawyer and various newsletters on tax and estate planning matters and has been quoted in Entrepreneur, Financial Advisor, and other publications.
