Digital Assets in an Estate: The Hidden Trap for Ontario Executors Digital Assets in an Estate: The Hidden Trap for Ontario Executors Being named an executor in Ontario is a massive responsibility, but the modern "Digital Estate" adds a layer of complexity that most people ignore. From cryptocurrency and NFTs to monetized social media accounts—these are all considered assets that must be managed during estate administration. If the deceased had debts, these digital assets could be the difference between a solvent estate and a legal nightmare. In this video, Ira Smith from Smith Estate Trustee Ontario breaks down how to identify, value, and manage digital assets while staying compliant with Canadian law. In this video, you will learn: What constitutes a "Digital Asset" in the eyes of the law. The risks of failing to disclose digital wealth to creditors. How to handle potential insolvency when digital assets are involved. Why an executor needs a clear strategy be...
