Digital asset is a term that has been increasingly discussed within the estate planning community in the past decade and with good reason. Any person who has established online accounts or has created digital content has digital assets. Think of them as the virtual form of your physical life. Bank accounts, social media, photos, videos, and cloud-based storage - any content you create electronically becomes a digital asset.
If horses are your passion, you probably have dedicated your life to them. That’s only reasonable since a horse’s love is unconditional, like any member of the family. Because of this, it may never have occurred to you that incorporating the horse part of your life into a business could make sense.