Consideration of the digital economy and the assets apportioned to it in family inheritance and succession planning are the focus of a conference supported by Nexus Law Group on Tuesday 12 June.
In the wake of the NSW Attorney General requesting the Law Reform Commission review and report into the laws affecting a person’s digital assets after they die or become incapacitated, delegates will learn about issues involved in the administration of digital assets and planning for the digital lives of clients.
Presented by global professional organisation STEP, Nexus representatives Michael Perkins TEP, Head – Private Client Services, and Jayne Humphries TEP, Consulting Principle, will contribute their internationally recognised expertise as Trusts and Estates Practitioners.
“Now we have a definition of digital currency in Australian legislation, it is vital, in my opinion, that any consideration of a person’s financial position must include consideration of any digital asset or digital currency to that financial position,” Mr Perkins said.
“This issue also affects the span of responsibility of attorneys, guardians, trustees, executors and other fiduciaries connected with clients.”
The Law Reform Commission will address the ‘practical difficulties in assessing the digital assets of a deceased or incapacitated person’ with a view to promoting a ‘clear and effective legal framework or access to digital assets.’
Full details are contained in the Conference Flyer.
Tuesday 12 June 2018 | 8.30am – 4.15pm | Sydney Business Chamber