Kassi & Sara Adami-Johnson Talk About Gen AI & Estate Planning

22/05/2024 39 min Temporada 2 Episodio 35
Kassi & Sara Adami-Johnson Talk About Gen AI & Estate Planning

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Episode Synopsis

In this tech podcast, Kassi Burns, an attorney and co-founder of All Your Data, welcomes Dr Sara Adami-Johnson is a HNW planner for RBC Family Office in Canada. She specializes in international, art collections and digital legacy planning. Sara was called to the California Bar in 2021 and has completed the Canadian Federation of Law Societies equalization certificate. She is an active member of several prestigious organizations, and publishes articles on cutting edge estate planning topicsKassi & Sara discuss the importance of digital asset planning and the challenges that arise in the digital age. They explore topics such as the definition of digital legacy planning, the types of digital assets, the legal framework for accessing digital assets after death, and the implications of AI and generative technology on digital assets. They also touch on the need for inventory management, the protection of digital likeness, and the enforceability of post-mortem wishes. Overall, the conversation highlights the complex and evolving nature of digital asset planning and the importance of proactive estate planning in the digital age.Key Episode Takeaways:Digital asset planning is crucial in the digital age to ensure that digital assets are accessed, safeguarded, and distributed effectively and timely.There are different types of digital assets, including tangible assets (hardware), intangible assets (software), smart property (blockchain-based assets), and hybrid assets (AI).The legal framework for accessing digital assets after death includes legislation such as the Revised Uniform Fiduciary Access to Digital Assets (RUFADA) model code.Planning for digital assets involves understanding what assets are owned, how they are owned, and what the individual wants to happen to those assets after death.Challenges in digital asset planning include the need for inventory management, protection of digital likeness, and the enforceability of post-mortem wishes.Proactive estate planning, including the use of wills, data trusts, and clear instructions, can help protect and manage digital assets effectively.Sound Bites"AI is only stochastically or probabilistically simulating human knowledge in a sort of like supercharged repackaging mechanism.""Who's going to curate your story after you've passed? Who's going to pay for it?""If you can't find the digital assets in six months, it's reasonable to think that you either destroyed them or already dealt with them."We hope you enjoy this episode of Kassi &...Episode Links:Sara's LinkedIn Account: Sara Adami-Johnson Esq, Ph.D, TEP, LL.M, JD, CFP® | LinkedInKassi's LinkedIn Account: Kassi Burns | LinkedInKassi's Website: Kassi Burns – illuminating all your data