Chicago Business Attorney Blog
Most estate plans were built around a picture of what a person owns that no longer matches how people actually live. A house, a car, a bank account, some furniture. But think about what’s actually sitting on your phone and in the cloud right now. Photos of your kids that only exist on your phone or in a cloud account. Years of email. A cryptocurrency wallet. A small online business or Etsy shop. Airline miles, streaming subscriptions, social media accounts your family will want to memorialize or shut down.
None of that fits neatly into a traditional will written for physical property, and if nobody has planned for it specifically, your family could find themselves locked out of things you fully intended for them to have.