Trusts & Estates

Digital Asset Management

The digital age has brought a new set of challenges for estate planning. Our team of experienced lawyers can help you to manage your digital assets, ensuring that your online presence and digital wealth are appropriately managed and distributed according to your wishes.

We offer comprehensive solutions for managing digital assets as part of your estate plan, including:

assisting you to identify digital assets to transfer as a part of your estate plan;
tailoring your estate plan to deal with the management and distribution of digital assets; and
advising on tax implications and potential liabilities related to digital assets.

Approach

We adopt a nuanced approach. We also understand that your circumstances will likely be unique. For this reason, we work hard to understand your needs and objectives.
Our usual process is to:

provide you with a clear and transparent fee quote;
discuss your requirements, goals and desired outcomes; and
tailor a solution with your specific circumstances in mind.

Director

Jennifer Maher

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What are digital assets?

Digital assets encompass a wide range of items, including cryptocurrencies (such as Bitcoin and Ethereum), online accounts (social media, email, and banking), digital files (photos, videos, and documents), and digital intellectual property (websites, domain names, and online businesses). These assets often hold significant financial or sentimental value and should be considered as part of your estate plan.

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Can you help me manage my digital assets even if I'm not tech-savvy?

Absolutely. Our team of experts is well-versed in digital assets and estate planning. We can guide you through the process, ensuring that your digital assets are protected and managed according to your wishes, regardless of your technical expertise.

What is BePrepared, and do I need to use it?

BePrepared is a digital asset management software designed to help users organise and manage their digital assets for estate planning purposes. While we have experience using BePrepared, the choice to use this software is entirely up to you. If you decide to use BePrepared, the terms governing the software's use will be between you and BePrepared (not Velocity Legal).

How do you incorporate digital assets into my Will?

Our team will work with you to identify and evaluate your digital assets, develop a strategy to manage them, and incorporate this strategy into your Will.

Are there tax implications for digital assets in estate planning?

Yes, digital assets may be subject to tax implications, such as capital gains tax, depending on the jurisdiction and the specific type of asset. Our team can advise you on potential tax liabilities related to your digital assets and help you develop a strategy to manage these tax liabilities.