Wills, Trusts & Estates Prof Blog

Editor: Gerry W. Beyer
Texas Tech Univ. School of Law

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Friday, July 18, 2014

Uniform Fiduciary Access to Digital Assets Act

ComputerThe Uniform Law Commission has approved the new Uniform Fiduciary Access to Digital Assets Act. With huge technology advancements changing where assets are stored, a legal update is needed to accommodate the increase in digital assets. The Act adopts “media neutrality”, which means that the individuals who would gain access to tangible property as a fiduciary after the owner dies, such as personal representatives, or during the owner’s life, such as a guardian, will now also have access to the digital assets. However, if the owner has previously expressed a desire that the assets be kept private, then those wishes will be honored.

See, Uniform Fiduciary Access to Digital Assets Act Approved, Uniform Law Commission, July 16, 2014.

http://lawprofessors.typepad.com/trusts_estates_prof/2014/07/uniform-fiduciary-access-to-digital-assets-act.html

Estate Administration, Estate Planning - Generally, Guardianship, New Legislation | Permalink

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