Digital assets also deserve careful planning.
Social media accounts, photos stored in the cloud, email accounts, cryptocurrencies, digital wallets, and files stored online may hold economic, sentimental, or documentary value.
However, not all digital assets are automatically transferred to heirs. While some digital assets may form part of an estate, access to certain accounts also depends on the contracts entered into with the platforms, their internal policies, and the applicable legal framework, including data protection regulations.
For this reason, it is becoming increasingly important to consider your digital assets and ensure that their succession is properly safeguarded.
Sound estate planning protects not only your assets, but also your wishes.
This information is of a general and abstract nature. Therefore, any decisions regarding these matters should be made with the assistance of qualified professionals and assessed on a case-by-case basis. Should you require any further clarification on this subject, please contact us by email at (soc.advogados@magnaadvogados.pt).
Comprising a young and dynamic team, MAGNA operates across a wide range of legal areas, with particular focus on financial and banking law, tax law, employment law, and civil law, providing integrated and multidisciplinary support centred on clients’ needs.