As the end of the year approaches, many of our Michigan readers may be thinking that now is the time to make a last minute run at estate planning. For many, there is no time like the present, especially for tax planning purposes. This is because there are some exempts and taxes which will most likely be changing by next year. For others, the end of the year can be a period of reflection on all of the events which have transpired over the course of 2012, which can lead to the conclusion that now is the time to make sure that relatives would be taken care of in the unfortunate event of an untimely death. However, no matter what is driving a person to start thinking about their estate plan, one part of the estate that many will need to remember to include is one that has only been coming to light in recent years: digital assets.
Most of our Michigan readers probably remember Dr. Jack Kevorkian. The nationally known advocate for assisted-suicide died in the Detroit area in June of this year at the age of 83. Of course, this was only after he served a prison sentence after being convicted in 1999 of second-degree murder for his role in the assisted suicide of a terminally ill Michigan resident. He was released in 2007. Now, in the course of Kevorkian's ongoing estate administration, it looks as if some of his personal property will be returning to his designated heir.