WEBVTT 00:00:13.580 --> 00:00:17.179 Welcome back to another Sci -Fi episode where 00:00:17.179 --> 00:00:20.820 psychology and finances collide. We will wrap 00:00:20.820 --> 00:00:24.940 up in today's episode digital assets and estate 00:00:24.940 --> 00:00:28.399 planning. We have Emily Baggett, attorney here 00:00:28.399 --> 00:00:30.940 at Redstone Arsenal. She's going to continue 00:00:30.940 --> 00:00:34.500 to help us dissect and understand how to best 00:00:34.500 --> 00:00:39.039 digitally plan our estate and our digital. assets. 00:00:39.460 --> 00:00:41.560 So we're going to pick up where we left off with. 00:00:41.820 --> 00:00:44.299 We started touching on social media, but I know, 00:00:44.399 --> 00:00:47.140 Emily, you have to give your attorney disclaimer, 00:00:47.240 --> 00:00:51.299 so go right on. This required disclaimer. Anything 00:00:51.299 --> 00:00:53.939 that I state today are my views only, and they 00:00:53.939 --> 00:00:56.619 do not necessarily represent the views of DOD 00:00:56.619 --> 00:00:58.979 or its components. And if I do mention these 00:00:58.979 --> 00:01:02.179 products or services during the podcast, DOD 00:01:02.179 --> 00:01:04.159 does not approve, endorse, or authorize that 00:01:04.159 --> 00:01:07.879 company as products or services. So as I look 00:01:07.879 --> 00:01:10.519 at what we would talk about with social media, 00:01:10.700 --> 00:01:15.260 I don't spend too much time with it. So I might 00:01:15.260 --> 00:01:18.079 be thinking with my generation, why would anyone 00:01:18.079 --> 00:01:23.219 want access to someone else's Facebook or Instagram 00:01:23.219 --> 00:01:28.200 or X and the list could go on and on and we touched 00:01:28.200 --> 00:01:31.439 on it a little bit. Some of that could have been 00:01:31.439 --> 00:01:34.959 monetized, especially with YouTube and different 00:01:34.959 --> 00:01:39.640 accounts there. But you also have other factors 00:01:39.640 --> 00:01:43.180 involved where someone might have pictures that 00:01:43.180 --> 00:01:46.760 were not yet downloaded and available for that 00:01:46.760 --> 00:01:50.760 person. But Facebook has an interesting menu 00:01:50.760 --> 00:01:54.659 where you can go and you can under personal details, 00:01:54.739 --> 00:01:58.900 you can go in and select account ownership and 00:01:58.900 --> 00:02:04.519 control. And then you can select memorialization. 00:02:04.750 --> 00:02:07.549 where you can decide what's going to happen to 00:02:07.549 --> 00:02:10.509 your main Facebook profile after you pass away 00:02:10.509 --> 00:02:15.150 and then you just select that person to manage 00:02:15.150 --> 00:02:18.750 the account. So that's just an example of one 00:02:18.750 --> 00:02:22.770 social media account. So what would you say in 00:02:22.770 --> 00:02:24.750 the digital estate planning with these social 00:02:24.750 --> 00:02:27.800 media accounts? Well, I think Facebook is an 00:02:27.800 --> 00:02:29.819 example of how it lets you go ahead and make 00:02:29.819 --> 00:02:33.340 that decision and how that can kind of come about 00:02:33.340 --> 00:02:36.000 sometimes is if you've used your Facebook, I 00:02:36.000 --> 00:02:37.900 tell folks, have you used it? I ask folks, have 00:02:37.900 --> 00:02:40.639 you used it as kind of a scrapbook? Are there 00:02:40.639 --> 00:02:44.199 pictures there that maybe folks want to go back? 00:02:44.780 --> 00:02:48.180 And I used mine for a time period that when I 00:02:48.180 --> 00:02:51.979 was a... prosecutor, I wrote little court snippets 00:02:51.979 --> 00:02:54.520 of funny things that happened in the courtroom 00:02:54.520 --> 00:02:56.939 in the event I ever wanted to go back and write 00:02:56.939 --> 00:02:59.539 a book or something. But that's, and my friends 00:02:59.539 --> 00:03:01.219 thought they were funny of things that happened. 00:03:01.280 --> 00:03:04.659 I kind of used it that way. And so sometimes, 00:03:04.860 --> 00:03:06.960 yeah, I think about, yeah, I'd like to memorialize 00:03:06.960 --> 00:03:09.060 that because some of that stuff was kind of funny. 00:03:09.699 --> 00:03:12.180 That's a reason maybe I'd want to. Sometimes 00:03:12.180 --> 00:03:15.180 people, you have to think, are you an owner of 00:03:15.180 --> 00:03:18.400 another account, not just your personal? But 00:03:18.400 --> 00:03:20.759 do you have another account that you maybe need 00:03:20.759 --> 00:03:26.280 to not necessarily memorialize, but maybe your 00:03:26.280 --> 00:03:29.539 homeowners association has one and you were an 00:03:29.539 --> 00:03:31.280 admin or something. Do you need to make sure 00:03:31.280 --> 00:03:33.520 you're off that and you need to make sure that 00:03:33.520 --> 00:03:35.719 you've got somebody else on that? Think about 00:03:35.719 --> 00:03:38.699 those things as well. Do you have any other accounts 00:03:38.699 --> 00:03:40.780 that you maybe need to make sure that you're 00:03:40.780 --> 00:03:43.439 going to be off of? Instagram is a meta company 00:03:43.439 --> 00:03:45.520 as well, so they allow you to do the same thing 00:03:45.520 --> 00:03:48.639 as social media. The big thing about the Facebook 00:03:48.639 --> 00:03:51.180 and Instagram, it's allowing you to make that 00:03:51.180 --> 00:03:54.979 decision point. Not allowing your family members 00:03:54.979 --> 00:03:58.520 to make it for you, not allowing them. I have 00:03:58.520 --> 00:04:00.439 some family members, we have this huge discussion 00:04:00.439 --> 00:04:02.659 at a family dinner one time. Some family members 00:04:02.659 --> 00:04:06.259 say it's creepy, that's why is it left up. Some 00:04:06.259 --> 00:04:08.219 other family members were like, no, it needs 00:04:08.219 --> 00:04:10.419 to be left up. That's where all of our memories 00:04:10.419 --> 00:04:12.360 are. That's the person that took all the pictures. 00:04:13.800 --> 00:04:17.779 Huge debate, but my discussion point was, well, 00:04:17.800 --> 00:04:19.660 if you all go in right now and decide, then you 00:04:19.660 --> 00:04:22.439 can make your own decision. It just wouldn't 00:04:22.439 --> 00:04:26.339 be an adequate death. if family members aren't 00:04:26.339 --> 00:04:28.860 left bickering, right? That's just the norm. 00:04:29.319 --> 00:04:32.180 And it's sad to say out loud, but you bring up 00:04:32.180 --> 00:04:36.519 some good points there that it's also about what 00:04:36.519 --> 00:04:39.319 other family members could benefit from in that 00:04:39.319 --> 00:04:41.779 manner as well. And it's the same with shopping. 00:04:41.980 --> 00:04:45.410 We already talked about the store. accounts like 00:04:45.410 --> 00:04:48.110 Chick -fil -A rewards, Lego rewards. Again, no 00:04:48.110 --> 00:04:50.470 army endorsement implied. We're just talking 00:04:50.470 --> 00:04:53.490 about things that we've both researched and see 00:04:53.490 --> 00:04:56.389 how we could transfer some of those things. It's 00:04:56.389 --> 00:04:59.189 the same thing with digital assets and shopping. 00:04:59.730 --> 00:05:01.949 And again, no army endorsement implied. When 00:05:01.949 --> 00:05:07.470 I mentioned Amazon, Etsy, eBay, Sheen, Walmart, 00:05:07.610 --> 00:05:11.610 there are so many huge platforms where you can 00:05:11.610 --> 00:05:18.879 rack up all of these member benefits or monetary 00:05:18.879 --> 00:05:24.279 cash that is just waiting to be spent. I know 00:05:24.279 --> 00:05:28.319 if I were to look at my Amazon rewards, my girls 00:05:28.319 --> 00:05:30.899 are always saying, hey, I want to spend that, 00:05:30.899 --> 00:05:32.819 you know, because they don't think of it as true 00:05:32.819 --> 00:05:36.720 money, but I do. No, I'm not going to give that 00:05:36.720 --> 00:05:40.680 to you because that is money. If something did 00:05:40.680 --> 00:05:43.339 happen to me, I would want them to have access 00:05:43.339 --> 00:05:47.040 to that. Why would anyone say, okay, it's just 00:05:47.040 --> 00:05:51.560 $150. I don't need to go through all the rigmarole 00:05:51.560 --> 00:05:55.959 and effort just to get that pulled over. Well, 00:05:56.040 --> 00:05:59.120 what if you just listed that? Again, you have 00:05:59.120 --> 00:06:02.660 your password organizer, your password manager, 00:06:02.720 --> 00:06:06.699 whatever you choose to use. That's still $150 00:06:06.699 --> 00:06:10.120 that can benefit someone. Right, and besides 00:06:10.120 --> 00:06:14.120 just the $150 benefiting, you have to think that's 00:06:14.120 --> 00:06:17.120 an online presence that you have. And any of 00:06:17.120 --> 00:06:19.899 your online presence, like we talked about Facebook, 00:06:20.019 --> 00:06:22.300 one of those social media, say you're like LinkedIn 00:06:22.300 --> 00:06:24.379 and what I call your hobby -based social media, 00:06:24.519 --> 00:06:27.139 any of those you need to list, they need to be 00:06:27.139 --> 00:06:29.800 closed out. Again, with your shopping, some of 00:06:29.800 --> 00:06:33.379 those as well because... Anytime you have a preference, 00:06:33.680 --> 00:06:36.220 anytime you have any type of presence, as a prosecutor 00:06:36.220 --> 00:06:38.920 I've seen this, there are some identity theft 00:06:38.920 --> 00:06:40.939 issues potentially that can happen. And that 00:06:40.939 --> 00:06:43.100 is one of the worst things when you have a family 00:06:43.100 --> 00:06:45.740 member walk in and say, and file a police report 00:06:45.740 --> 00:06:49.680 and say, We've had a family member die. Here's 00:06:49.680 --> 00:06:51.519 the identity theft. And then you're sitting there 00:06:51.519 --> 00:06:53.980 trying to figure all that about. I had a friend 00:06:53.980 --> 00:06:56.319 whose mom's identity theft got stolen, but she 00:06:56.319 --> 00:06:59.180 ended up on dating websites. And that's how she 00:06:59.180 --> 00:07:01.240 kept getting recycled. And for the first couple 00:07:01.240 --> 00:07:04.120 of years, it really hurt the family, obviously, 00:07:04.199 --> 00:07:07.120 to keep seeing their mom used in that way. After 00:07:07.120 --> 00:07:09.459 about year five, now it's just a family joke. 00:07:09.639 --> 00:07:12.839 But you have to think about it like that. Identity 00:07:12.839 --> 00:07:14.889 theft occurs with... Do you want to see your 00:07:14.889 --> 00:07:18.110 mom or dad pop up on a dating website and their 00:07:18.110 --> 00:07:21.509 picture being used in that way? Because can that 00:07:21.509 --> 00:07:23.870 happen? Absolutely, it happens to people all 00:07:23.870 --> 00:07:27.009 the time, but you have to think where are ways 00:07:27.009 --> 00:07:30.589 that people can get those identities. Also, like 00:07:30.589 --> 00:07:33.009 the Etsy's and Ebay's, did you sell things on 00:07:33.009 --> 00:07:36.189 those websites? Were you of, you know, maybe 00:07:36.189 --> 00:07:38.269 even you just sold like a little, your hobby 00:07:38.269 --> 00:07:42.310 Etsy sold little things or maybe on Ebay you 00:07:42.310 --> 00:07:45.899 went to garage sales and pick things up and resold 00:07:45.899 --> 00:07:48.240 them or whatever you did. But you have to think, 00:07:48.379 --> 00:07:50.560 is there money sitting in those accounts potentially? 00:07:51.259 --> 00:07:57.019 Right. I love how you really pulled in the concept 00:07:57.019 --> 00:08:01.899 of online presence because sometimes those things 00:08:01.899 --> 00:08:04.709 really just need to be cinched up. and left alone. 00:08:05.189 --> 00:08:09.589 You gave a hilarious example in the financial 00:08:09.589 --> 00:08:13.529 symposium and let's just say it, we're all adults. 00:08:13.970 --> 00:08:18.500 Some people will have some accounts that Whether 00:08:18.500 --> 00:08:22.199 you view them as acceptable or unacceptable or 00:08:22.199 --> 00:08:27.680 morally or immorally gaining or profitable, those 00:08:27.680 --> 00:08:30.980 platforms do exist. And so, yes, it would be 00:08:30.980 --> 00:08:35.740 nice for your family member to close down. some 00:08:35.740 --> 00:08:41.379 of those sites so that your dignity can be maintained 00:08:41.379 --> 00:08:44.480 even upon your death. And that also includes 00:08:44.480 --> 00:08:47.840 subscriptions and memberships. We don't want 00:08:47.840 --> 00:08:49.860 more money coming out of your accounts before 00:08:49.860 --> 00:08:52.340 everything goes through probate and all those 00:08:52.340 --> 00:08:55.139 things. That's just less money in the estate 00:08:55.139 --> 00:08:57.879 that's left there. There is a way through the 00:08:57.879 --> 00:09:00.879 inactive account manager, and one of the examples 00:09:00.879 --> 00:09:03.340 you gave was through Google. where you could 00:09:03.340 --> 00:09:06.899 go and plan what would happen to your data if 00:09:06.899 --> 00:09:09.080 you didn't need to use your Google account anymore. 00:09:09.139 --> 00:09:13.019 And that's a big storehouse of information. Right. 00:09:13.179 --> 00:09:16.860 When you think about, like, as far as Google 00:09:16.860 --> 00:09:19.539 and then when there, because a lot of people 00:09:19.539 --> 00:09:22.740 do use Google when you use, because I mean, who 00:09:22.740 --> 00:09:25.559 doesn't use like Google, Google Photos, for example, 00:09:25.659 --> 00:09:28.779 Google Docs. A lot of people do use Google Photos 00:09:28.779 --> 00:09:31.539 as a popular one. where people do store their 00:09:31.539 --> 00:09:33.980 photos and that is such a huge family legacy 00:09:33.980 --> 00:09:37.179 for so many folks where the photos are stored 00:09:37.179 --> 00:09:39.720 because used to we would have photo albums sitting 00:09:39.720 --> 00:09:42.580 around and that is the number one thing family 00:09:42.580 --> 00:09:45.179 members start looking for after someone passes. 00:09:45.539 --> 00:09:48.139 Why? Because if there's going to be a funeral 00:09:48.139 --> 00:09:50.100 the funeral home is going to say do you have 00:09:50.100 --> 00:09:52.000 a picture that you would like for us to put on 00:09:52.000 --> 00:09:55.480 our website or in the when they walk into the 00:09:55.480 --> 00:09:58.559 funeral home on the screen for when folks walk 00:09:58.559 --> 00:10:02.250 in or on the guide for the funeral, the program 00:10:02.250 --> 00:10:04.710 for the funeral or whatever. That's the first 00:10:04.710 --> 00:10:06.750 thing. Are they used to them when they had newspapers 00:10:06.750 --> 00:10:09.330 for the obituary? Do you want a picture of the 00:10:09.330 --> 00:10:11.190 obituary? And then folks are gonna be like, where 00:10:11.190 --> 00:10:14.450 are the pictures? And we had a family member 00:10:14.450 --> 00:10:17.350 die. We knew we had the pictures, but it was 00:10:17.350 --> 00:10:19.190 calling everyone in the family, the three cousins. 00:10:19.529 --> 00:10:21.409 Did you take that picture? Who took that picture? 00:10:21.690 --> 00:10:25.179 Well, where is it? Who has it on which? everybody 00:10:25.179 --> 00:10:27.100 had Google Photos. Which family Google Photo 00:10:27.100 --> 00:10:28.700 Drive is it on? Because we have a shared Google 00:10:28.700 --> 00:10:31.039 Photo. Which family, which one is it? So we're 00:10:31.039 --> 00:10:34.019 all in there trying to find it. But think about 00:10:34.019 --> 00:10:36.899 that for your family. Going back to Google, you 00:10:36.899 --> 00:10:39.059 can go. They have what's called inactive account 00:10:39.059 --> 00:10:41.980 manager. You can set that up. That way a person 00:10:41.980 --> 00:10:44.759 is assigned to be the person that in the event 00:10:44.759 --> 00:10:47.220 that you pass away, you've already assigned someone 00:10:47.220 --> 00:10:49.860 there. So they go in and log in and say that 00:10:49.860 --> 00:10:54.019 you are that person. You provide the death certificate, 00:10:54.059 --> 00:10:56.740 and then you're allowed access to anything as 00:10:56.740 --> 00:10:59.620 far as what's on those Google accounts, which 00:10:59.620 --> 00:11:02.259 relates back to also if you have any type of 00:11:02.259 --> 00:11:05.909 Android device as well. Right? And so going from 00:11:05.909 --> 00:11:10.490 Android to Apple, there's a legacy contact. within 00:11:10.490 --> 00:11:14.090 Apple and I am proud to say I don't know proud 00:11:14.090 --> 00:11:17.970 is the right word but I've I actually have transitioned 00:11:17.970 --> 00:11:21.429 from an Android to an Apple phone and as I was 00:11:21.429 --> 00:11:24.490 setting up my phone the legacy contact came through 00:11:24.490 --> 00:11:28.370 and it was quite simple to assign my daughter 00:11:28.370 --> 00:11:31.929 as the legacy contact and it also gave you the 00:11:31.929 --> 00:11:34.970 option let's say you don't have a close family 00:11:34.970 --> 00:11:38.990 member with an Apple phone and you want to still 00:11:38.990 --> 00:11:41.009 be able to provide that to an Android user, you 00:11:41.009 --> 00:11:45.370 can print the QR code for that ability to have 00:11:45.370 --> 00:11:48.970 that. So it was a really neat experience to see 00:11:48.970 --> 00:11:53.309 firsthand. It just requires a little bit of work, 00:11:53.570 --> 00:11:56.029 and total time that it took me to do that, two 00:11:56.029 --> 00:11:58.309 different things within my phone, it took me 00:11:58.309 --> 00:12:01.169 a total of one minute to complete that process. 00:12:01.789 --> 00:12:04.860 And listen. For those who may be technologically 00:12:04.860 --> 00:12:08.080 challenged, grab your six -year -old granddaughter 00:12:08.080 --> 00:12:11.980 or six -year -old niece or nephew and they will 00:12:11.980 --> 00:12:15.600 show you how to get there. Maybe not six. Maybe 00:12:15.600 --> 00:12:17.779 you want to find a teenager, but you would be 00:12:17.779 --> 00:12:20.000 surprised. We could probably have a six -year 00:12:20.000 --> 00:12:23.279 -old that could show you how to get to your legacy 00:12:23.279 --> 00:12:27.029 contact information. They actually at my nephew 00:12:27.029 --> 00:12:30.009 at five could actually do it But the one thing 00:12:30.009 --> 00:12:32.750 about the legacy contact that you don't think 00:12:32.750 --> 00:12:35.909 about that most folks want off the phone are 00:12:35.909 --> 00:12:38.830 Usually folks use it as an address book I think 00:12:38.830 --> 00:12:40.870 my dad's the only person in America that still 00:12:40.870 --> 00:12:43.649 has used it uses the Rolodex and he literally 00:12:43.649 --> 00:12:46.210 cuts the address when someone changes their address 00:12:46.210 --> 00:12:48.509 and then staples it to their old Rolodex card, 00:12:48.509 --> 00:12:52.149 but anyway most normal people use your contacts 00:12:52.149 --> 00:12:56.419 and your phone so If someone passes away and 00:12:56.419 --> 00:12:58.639 say it's your spouse, do you really know your 00:12:58.639 --> 00:13:01.000 spouse's second cousin's address and phone number? 00:13:01.399 --> 00:13:04.940 I mean, they're probably close, maybe they are 00:13:04.940 --> 00:13:07.200 close to them, maybe you do, but they're probably 00:13:07.200 --> 00:13:09.000 family members of your spouse that you don't 00:13:09.000 --> 00:13:12.120 know. How do you get in touch with those folks? 00:13:12.259 --> 00:13:14.580 I mean, if you don't have access to their phone, 00:13:14.679 --> 00:13:16.379 I mean, if you do have access to their phone, 00:13:16.419 --> 00:13:18.279 but if you... If they're for some reason you 00:13:18.279 --> 00:13:20.539 don't, then you've got to be able to get into 00:13:20.539 --> 00:13:24.120 that phone. And the legacy contacts allows you 00:13:24.120 --> 00:13:27.080 to have the data on that phone. So you can contact 00:13:27.080 --> 00:13:30.399 folks. and allowed that to happen. And that is 00:13:30.399 --> 00:13:32.720 the easiest way with Apple, and we all know that 00:13:32.720 --> 00:13:35.100 Apple has very high privacy rights, is to have 00:13:35.100 --> 00:13:37.259 that set up. And I just recommend for any Apple 00:13:37.259 --> 00:13:39.980 product that you have, set it up for all your 00:13:39.980 --> 00:13:42.179 devices. Right, because I understand they are 00:13:42.179 --> 00:13:44.419 pretty staunch and hard -nosed when it comes 00:13:44.419 --> 00:13:47.840 to privacy. And we want that, right? So we do 00:13:47.840 --> 00:13:50.000 have to follow the rules and, as you say, the 00:13:50.000 --> 00:13:52.580 terms and agreements of anything that we're doing. 00:13:52.940 --> 00:13:56.779 And so to kind of sum it all up, Emily. You talk 00:13:56.779 --> 00:13:59.500 about this digital estate plan and you provide 00:13:59.500 --> 00:14:02.960 five different points on deciding what to do 00:14:02.960 --> 00:14:05.899 with your digital estate plan. So do you want 00:14:05.899 --> 00:14:08.340 to transfer the digital asset? Do you want to 00:14:08.340 --> 00:14:12.559 distribute them, preserve them, disrupt them, 00:14:13.000 --> 00:14:16.220 or neglect them? And these are options. These 00:14:16.220 --> 00:14:20.059 are all choices that we have. So could you talk 00:14:20.059 --> 00:14:22.220 a little bit more about that as we close up as 00:14:22.220 --> 00:14:25.600 well as the executor? On the digital estate plan, 00:14:25.960 --> 00:14:28.200 obviously if you do nothing with it, some of 00:14:28.200 --> 00:14:31.580 these things, that's the neglect. It's just gonna, 00:14:32.340 --> 00:14:35.019 it'll just sit there. By some, again, terms in 00:14:35.019 --> 00:14:38.080 the agreement, it's gonna destruct itself. If 00:14:38.080 --> 00:14:40.779 you don't do anything with it and you pass away 00:14:40.779 --> 00:14:43.200 by virtue of your death, it's gonna destruct. 00:14:43.879 --> 00:14:45.799 That goes to where, like I said, some of those 00:14:45.799 --> 00:14:48.759 hobby -based social medias especially. Some of 00:14:48.759 --> 00:14:51.159 the things you do want to preserve. What kind 00:14:51.159 --> 00:14:53.179 of things do you want to preserve? Those again 00:14:53.179 --> 00:14:55.580 are those especially like photos, anything like 00:14:55.580 --> 00:14:58.019 that that you do want to make sure that they 00:14:58.019 --> 00:15:01.360 are around. The distribution. Are there ones 00:15:01.360 --> 00:15:04.200 that you want to distribute so that they can 00:15:04.200 --> 00:15:06.320 be around for others? You think about again that 00:15:06.320 --> 00:15:08.220 kind of goes to what I call about that online 00:15:08.220 --> 00:15:10.000 digital property. Do you want to make sure it's 00:15:10.000 --> 00:15:12.789 just distributed to? a family member or someone 00:15:12.789 --> 00:15:15.909 that can handle that for you and then the transfer 00:15:15.909 --> 00:15:19.789 of maybe are you going to transfer the the asset 00:15:19.789 --> 00:15:23.090 to someone so that they can have it or you know 00:15:23.090 --> 00:15:24.409 that again goes back to what we talked about 00:15:24.409 --> 00:15:26.990 in episode one again with the hotel points maybe 00:15:26.990 --> 00:15:29.169 kind of the airline miles something like that 00:15:29.169 --> 00:15:32.070 how are you going to manage that the executor 00:15:32.070 --> 00:15:36.110 as far as how you can actually The executor in 00:15:36.110 --> 00:15:38.029 Alabama is called personal representative when 00:15:38.029 --> 00:15:41.029 you have one as far as your will. Lots of times 00:15:41.029 --> 00:15:43.370 it's a family member and we kind of touched about 00:15:43.370 --> 00:15:45.250 that. Most of the time family members can handle 00:15:45.250 --> 00:15:48.710 most of this. It's not that it's one of those 00:15:48.710 --> 00:15:50.850 kind of things that at this point in life I think 00:15:50.850 --> 00:15:52.850 most folks that serve as executors or personal 00:15:52.850 --> 00:15:55.330 representative deal with this. We all deal with 00:15:55.330 --> 00:15:58.649 kind of digital components daily in our own lives. 00:15:58.789 --> 00:16:00.610 So I think it's something that most folks can 00:16:00.610 --> 00:16:04.259 handle. But If you get into things that we talked 00:16:04.259 --> 00:16:07.740 about previously, like the folks that have a 00:16:07.740 --> 00:16:11.620 heavy influence with digital things, that you 00:16:11.620 --> 00:16:14.000 might want to think about considering someone 00:16:14.000 --> 00:16:17.759 that does specifically deal with digital things 00:16:17.759 --> 00:16:21.539 and having a separate digital executor. That's 00:16:21.539 --> 00:16:24.340 something, you know, you just have to make those 00:16:24.340 --> 00:16:26.759 decisions for yourself. What are those things 00:16:26.759 --> 00:16:30.059 you really have to consider? And that's where 00:16:30.269 --> 00:16:32.370 I always say when you have an estate plan, it's 00:16:32.370 --> 00:16:35.110 not just an attorney. It's your attorney, it's 00:16:35.110 --> 00:16:37.509 your financial planner, like obviously great 00:16:37.509 --> 00:16:40.929 folks like you. It's the people that you trust 00:16:40.929 --> 00:16:44.350 in your circle of friends. All those folks come 00:16:44.350 --> 00:16:47.029 together to help you make the best decisions. 00:16:47.590 --> 00:16:51.110 And that's who your trusted circle of friends, 00:16:51.129 --> 00:16:53.149 those are the ones that are gonna make you make 00:16:53.149 --> 00:16:56.250 the best estate plan. And estate plan is not 00:16:56.250 --> 00:16:59.309 just after death. Estate planning documents do. 00:16:59.559 --> 00:17:03.240 you know, help your life as well. Right, and 00:17:03.240 --> 00:17:07.380 what a great way to close out this series because 00:17:07.380 --> 00:17:12.259 you are essentially assisting your family members 00:17:12.259 --> 00:17:18.940 with having access. And access is what folks, 00:17:19.339 --> 00:17:23.200 especially in a state of grief, it seems so simple. 00:17:23.669 --> 00:17:26.750 to say okay well all you have to do hey mom all 00:17:26.750 --> 00:17:28.930 you have to do is just get into his account right 00:17:28.930 --> 00:17:31.109 I mean surely you'll be able to pay my tuition 00:17:31.109 --> 00:17:34.049 just just get into his account and then all of 00:17:34.049 --> 00:17:36.769 a sudden oh my goodness the realization that 00:17:36.769 --> 00:17:39.829 password has changed and now we have to wait 00:17:39.829 --> 00:17:43.029 or maybe that tuition is due in three days but 00:17:43.029 --> 00:17:44.970 you don't have the three days there could just 00:17:44.970 --> 00:17:48.220 be a number of issues there but what you were 00:17:48.220 --> 00:17:51.819 saying is it takes a village to give you that 00:17:51.819 --> 00:17:55.539 access. It's not just one individual person. 00:17:56.839 --> 00:18:01.509 So number one. tanking it upon yourself to take 00:18:01.509 --> 00:18:03.849 some level of action with your digital asset 00:18:03.849 --> 00:18:07.009 estate plan today. Maybe just starting the conversation 00:18:07.009 --> 00:18:09.970 with all your family members. If you all own 00:18:09.970 --> 00:18:13.009 iPhones, getting out where the first time at 00:18:13.009 --> 00:18:15.849 the dinner table you will allow phones, everyone 00:18:15.849 --> 00:18:18.150 gets out their phones and creates the legacy 00:18:18.150 --> 00:18:20.789 contact. I'm sure your kids would appreciate 00:18:20.789 --> 00:18:22.930 that, that one time that you get to bring out 00:18:22.930 --> 00:18:26.160 your phone at the dinner table. or just starting 00:18:26.160 --> 00:18:28.539 the conversation with those friends and family 00:18:28.539 --> 00:18:31.880 members that you do trust. And hey, what are 00:18:31.880 --> 00:18:35.160 some ideas to go with this? But you closed up 00:18:35.160 --> 00:18:38.660 in the financial symposium, you said not only 00:18:38.660 --> 00:18:41.940 is the digital asset estate plan simplifying 00:18:41.940 --> 00:18:44.920 access for family members, but it's preserving 00:18:44.920 --> 00:18:49.859 your legacy and it's helping you avoid legal 00:18:49.859 --> 00:18:53.099 complications. So with that, thank you, Emily, 00:18:53.240 --> 00:18:55.539 for being our guest through this three -part 00:18:55.539 --> 00:18:59.380 series. And if you found this helpful, please 00:18:59.380 --> 00:19:01.940 remember to rate and review wherever you listen 00:19:01.940 --> 00:19:02.640 to the podcast.