The session explores the increasing impact of the digital age on the administration and taxation of deceased estates and taxation, including:
- Understanding digital assets and their significance in estate planning
- Digital assets and cryptocurrency: the identification and distribution of cryptocurrency and digital assets in estate administration
- Digital assets and testamentary trusts
- Privacy concerns and the administration of deceased estates
- Understanding the challenges associated with electronic probate and certification of ‘original’ digital documents
- Accessing personal information: password managers, two factor authentication and other barriers to access
- Preparing tax returns for a deceased: accessing a deceased person’s tax and superannuation information; and
- Remote execution of Wills and the increased challenge to their validity.