If somebody passes what happens to their digital assets when Scottish legal firms help to execute a will? Huge numbers of people are now using the Internet, and other digital sources, and therefore in turn could no doubt own online based assets and information. This information could include digitally stored financial assets and /or liabilities. When executing a will is it not the responsibility of the executors to ensure that all assets and /or liabilities owned by the deceased are identified and recorded? So what happens if the deceased had a betting account with a thousand pounds credit in it or owned a boat that had outstanding payments due against it and in both cases they were conducting all the business in relation to these two examples online with no paper trails? Are Scottish law firms just ignorng this area?
donalm
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- Digital Assets and the Will Execution Process - May 8, 2012