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Follow on Google News | An Asset Protection Planning Team in California Explains How to Plan for Virtual AssetsAn asset protection planning team in California talks about virtual assets and how to add them to your estate planning documents. There are four characteristics of a virtual asset.
By: Tompkins Law Virtual assets are becoming more and more common due to the increased use of technology. The definition of virtual assets is clear, but very broad. Many items now fall under the category, “virtual.” The previously listed items from Dwight’s blog all have an emotional value, but not so much a monetary value. However, Dwight also touches on the fact that virtual assets can very well have a monetary value. He says, “Some people have their own small Internet business, or own a website which generates money from ads. Similarly, money can be gained from copyrights. Last but not least, we are talking about subscriptions to various websites, license keys for various software, and even accounts to online games – which can be sold or may contain items that could fetch a pretty good price on the market.” Dwight’s recent blog post may hit close to home for some individuals. It is important to think about all types of assets when planning an estate. A professional asset protection planning team in California (https://www.youtube.com/ For more information on this topic or to contact Tompkins Law visit this blog post here: http://blog.tompkins- About Tompkins Law Tompkins Law has been assisting residents in the Orange County, California and the surrounding areas with estate planning, probate, living trust, and business planning services for over 20 years. Visit http://www.tompkins- End
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