Monday, September 25, 2017
The passage and signing of Uniform Fiduciary Access to Digital Assets Act makes New Jersey the 24th state to enact laws affecting the final disposition of an individual’s digital assets. Under the new law, fiduciaries have the same powers to manage digital property as they do tangible property. This applies to estate executors, trustees, court-appointed guardians, and agents granted power of attorney. The ability to handle these assets may entail a duty to handle the assets and attorneys and fiduciaries should be on the alert for clients with digital property.
See Christopher Robbins, New Laws Address Access To Clients' Online Accounts After They Die, Financial Advisor, September 15, 2017.
Special thanks to Joel C. Dobris (Professor of Law, UC Davis School of Law) & Jim Hillhouse (Professional Legal Marketing (PLM, Inc.) for bringing this article to my attention.