Trusted Digital Asset Insights and Trends
When it comes to planning...
It's amazing to think that errors still occur when doing the right thing. For example, people have good intentions to create a do-it-yourself-online-will for their assets but they then are not signed properly. Perhaps those general wills were not specify enough for one's needs because important clauses were missing that a family should have had in order to protect them. Perhaps a trust was created and never funded.
Modern succession planning today needs to now include a plan of action for digital assets. Yes, everyone has them. If you have an email, pay subscriptions for data storage like an iCloud account or even have crypto, these are digital assets. Succession planning needs to include strategies for these accounts.
Are you selling your business? What if your business relies heavily on Facebook? What if your company stores all it's data in Dropbox? What if you have additional income streams from online platforms? Are these all named individually in your plans? If they aren't they should be.
The Legacy, Innovation & Virtual Estate Planning (LIVE) Coalition unites organizations and individuals dedicated to modernizing our nation’s estate planning laws to enable secure, digital solutions.
LIVE is the first and only coalition focused on modernizing estate planning for the digital age.
What is your code word?
Americans alone lost an estimated $148.2bn (£110.1bn) to online scams and crimes in 2025, up nearly 26% from the year prior. AI-enabled scams accounted for $6.3bn (£4.7bn) of that. Experts say they're growing exponentially. These AI Deepfakes are not just for the wealthy, they are targeting everyone and anyone around the world. They especially prey on those who have recently passed away.
What to do to stay safe?
Your family needs an agreed upon, rehearsed code word to prove you are human. This may sound a bit old school, but this is the only way a scam will falter. You may have heard stories of how ransom payments were asked for based on a car wreck of a family member, perhaps even jail. Deepfakes copy your voice, name, image and likeness so thinking it's real is a matter of how well you know that person. The codeword breaks the fearmongering and solidifies your relationship to not believe that scammer's call.
In the news...
On January 24, 2025, after Tunick returned to the United States from the Dominican Republic and was sent to secondary inspection. Federal officers sought access to his phone, and court records state that Tunick eventually provided a passcode. When an officer entered it, the screen went blank, flashed several times and appeared to restart. Prosecutors allege the phone’s contents had been deleted.
Sen.Josh Hawley is grilling the CEO of 23andme for selling the genetic data of 14-15 million people, many are minors under the age of 18. Instagram highlight shows how corporate representation has also violated their own privacy rights by selling this data for profit assuming all clients knew they could delete their accounts, even though they removed the deletion page.
A 27 year old Chinese friend recreated a deceased person's avatar with an AI companion, it was her lover, friend and family member all at once. The Chinese government is putting an end to to AI romances, as it has created millions of users addicted to the emotional companionship with AI companions. The government is stripping human like components to their chatbots due to human addiction. This has not stopped them from selling their companionship apps abroad.
The DEXITCHIXS are guests on Frazer Rice's WEALTH ACTUALLY podcast show from New York this month. Learn how families are adopting digital asset planning and preserving their family's reputations online in this podcast
Frazer Rice- Wealth Actually
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