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Author: |
Patricia McCarthy, MBA |
Course Length: |
Pages: 20 ||| Word Count: 8672 ||| Review Questions: 5 ||| Final Exam Questions: 5 |
CPE Credits: |
1.0 |
IRS Credits: |
0 |
Price: |
$12.95 |
Passing Score: |
70% |
Course Type: |
Text |
Technical Designation: |
Technical |
Field Of Study: |
Finance |
Approved Audience: |
NASBA QAS - NASBA Registry |
Key Takeaways: |
This course discusses why digital assets such as online bank accounts, social media, and digital media should be included in the estate planning process.
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Frequently Asked Questions: |
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Description: |
It is important that access to online bank accounts, Instagram pictures, eBooks or even reward miles be considered as part of the estate planning process in today’s digital world. This accounting for digital assets course discusses, in detail, why digital assets should be included in the estate planning process. It then walks you through the steps you need to consider when planning for digital assets and overviews some factors that should be considered during this process. Finally, it discusses some of the difficulties and solutions with accounting treatment of digital assets due to corporate and state restrictions. |
Usage Rank: |
14286 |
Release: |
2019 |
Version: |
1.0 |
Prerequisites: |
None. |
Experience Level: |
Overview |
Additional Contents: |
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Additional Links: |
Internal: Estate Tools & Trusts Mini Course
Internal: Virtual Currency Transactions & Form 1040 (course)
External: “Don't Let Volatile Digital Assets Blow Up a Client's Estate Plan” - BDO / Bloomberg Tax article
External: What Is Estate Planning?
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Advance Preparation: |
None. |
Delivery Method: |
QAS Self Study |
Intended Participants: |
Anyone needing Continuing Professional Education (CPE). |
Revision Date: |
04-Apr-2026 |
NASBA Course Declaration: |
Participants must complete the final examination within one year of purchase and with a minimum passing grade of 70% or better to receive CPE credit unless otherwise noted on the Course History page (i.e. California Ethics must score 90% or better). After logging in click on the Course History links on your My Courses page for the Begin date and Expire date for the Final Exam. |
Keywords: |
Accounting for Digital Assets in Estate Planning - CPE course for CPAs |
Learning Objectives: |
Course Learning Objectives
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Course Contents: |
Chapter 1 - Accounting for Digital Assets in Estate Planning Course Learning Objectives Overview What is a Digital Asset? Why Plan? Financial Assets Photos, Websites, Books and Videos Email and Social Media ITUNE Songs, Games Ownership vs. Access Digital Estate Planning Identify Document Secure Storage Two Factor Authentication Identify a Fiduciary Authorize a Fiduciary Legal Environment 3 Tiers Tier 1 Website Hosts Photo Sharing Sites Tier 2 Third Tier Identity Theft and Hacking Conclusion Review Questions Glossary |
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