How to Protect Your Digital Assets with Jamie Hopkins

Stay Wealthy Retirement Podcast

Taylor Schulte, CFP®

Financialplanning, Retirement, Money, Taxplanning, Stocks, Wealth, Business, Investing, Retirementplanning

2.4 • 606 Ratings

🗓️ 19 March 2019

⏱️ 43 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Think you don’t have anything of value online? Think again. The reality is, almost everyone who uses the internet in any capacity has digital assets to protect.

Digital assets can include any account or information you preserve on the web — things like email accounts and your social media accounts. A digital asset could also be anything you own online, such as a personal blog or a website for your business.

If your goal is protecting yourself and your heirs from modern pitfalls like having your bank account hacked, having fraudulent purchases charged to old credit cards, or identity theft, it’s crucial to have a plan in place to protect your digital assets while you’re alive and once you’re gone. And that’s what today’s podcast is about.

To help you hatch a plan to care for the digital assets we often forget about, I interviewed estate planning expert Jamie Hopkins.

In today’s show, our expert explains the importance of digital assets in our modern lives as well as steps we can take to prevent unnecessary stress on the people we love the most.

Ready to protect your online information? Listen to today’s podcast episode to learn how.

Show Notes & Links www.youstaywealthy.com/40

DISCLAIMER: This podcast is for informational and entertainment purposes only and should not be relied upon as a basis for investment decisions. This podcast is not engaged in rendering legal, financial, or other professional services.

Transcript

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0:00.0	I've seen estate planners that are using a form that was built in the 90s for the stuff and they
0:04.3	make small modifications to it. So it's really not that safe to assume even if you did it in the last
0:10.4	couple years, in the last year, in the last six months, that the language is in there. You really do
0:15.1	have to ask for it. Welcome to the Stay Wealthy podcast. I'm your host, Taylor Schulte, and today we are talking about how to protect your digital assets with professor and author Jamie Hopkins. Now, you might be thinking, I have a normal corporate job. I don't own a website. I don't even know what cryptocurrency is. Like this, this doesn't apply to me.
0:39.5	But trust me, this topic applies to just about everybody. If you're listening to this podcast
0:44.3	right now, it applies to you. A digital asset could be as simple as a username and password
0:50.8	and what those credentials could be worth if they got into the wrong hands
0:55.4	might really shock you. A more normal application might be the access to financial information
1:02.0	when and if one spouse pre-deceases the other. So believe it or not, you don't have the legal
1:08.8	authority to even access your spouse's accounts
1:12.1	unless you have the proper language in your living trusts and wills and powers of attorney.
1:17.2	So the laws have changed significantly in recent years, and everyone, including myself,
1:23.8	should be calling their estate planning attorney tomorrow right after listening to this conversation
1:29.3	because this stuff is really, really important and there's just been a lot of changes.
1:33.6	Our guest on today's show is Jamie Hopkins, and he's a wealth of knowledge when it comes to
1:38.9	digital estate planning and how to prepare and protect yourself.
1:41.8	So you're going to learn a lot.
1:43.7	But he's also the author of a new
1:46.2	book called rewirement, rewiring the way you think about retirement. And it's really good. It's a really
1:52.8	quick, easy read. He takes really important retirement topics and he breaks them down really
1:58.1	simply. So I have five signed copies from Jamie sitting on my desk,
2:04.2	and I want to give them away. So if you want a copy, all you have to do is send me an email to
	...

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