Are digital document archives useful for estate planning?

Posted by Angela Holliday Hansen Esq. | Nov 11, 2015 | 0 Comments

Dealing with a loved one's death can be a time of sorrow. Unfortunately, sometimes a loved one in Rockville passes away suddenly and without an estate plan, leaving his or her survivors scrambling to identify and ascertain key legal financial, medical and personal documents. This could be a problem even for people who have taken the step of creating a will, but have not made it or their assets readily available. In today's high-tech age, however, people have options and availing them could possibly avoid this dilemma. One option for keeping their affairs both available and organized is to utilize a digital document archive system. However, is it wise to store one's important end-of-life documents in such cloud-based systems?

One thing to keep in mind if you are planning to use a digital document archive system is that such companies may be relatively new start-ups, which could end up folding in the future. For some people, having a more permanent system for collecting their financial and legal documents and making these documents available to the appropriate individuals may be a better idea.

In addition, while utilizing a digital document archive system has some advantages, it cannot replace the advice of an estate planning attorney. Certain types of documents still need to be committed to paper and filed with the appropriate entities based on state law. In some cases, digital documents may not be honored. Having a "do it yourself" mentality could backfire in some situations.

In the end, while technology certainly has advanced in recent years, giving individuals many options when it comes to estate planning, one should give careful consideration to how they want their estate plans documented and stored. If necessary, Rockville residents should not hesitate to seek the legal advice they need to make these important decisions.

About the Author

Angela Holliday Hansen Esq.

Angela Holliday Hansen, Esq., is a former big firm corporate attorney who now practices family law in Rockville Maryland. Ms. Hansen oversees complex estate administration and drafts...

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100 Park Avenue
Suite 106

Rockville, MD 20850
301-517-5729
Mon, Tue, Wed, Thu, Fri: 09:00am - 05:00pm

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