Why You Need to Protect Your Digital Assets With Estate Planning

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When you want to expand your portfolio, you do not want to overlook the vast new field of digital assets. It is rapidly growing, and new types of digital assets are added every day.

Although many people often think of cryptocurrency when they hear the words digital asset, there are many more types that you can invest in. Indeed, crypto is probably the most popular one—so far—but it is only one of many that can produce a profit for the owners.

Defining Digital Assets

A true digital asset exists only in a digital format. It must also include a right to use, which offers protection for the creator to publish and sell it and an opportunity for a buyer to purchase it. Even though no material assets are associated with it, they can rapidly grow in value and be exchanged for real currency, making them a potentially worthwhile investment.