Digital assets, such as email accounts, social media accounts and online banking accounts, have become so ingrained in our daily lives that it is often hard to imagine how society once functioned without them. Nevertheless—as is often the case with revolutionary inventions—the law is still trying to catch up with the ever-changing digital landscape. After decades of failed model acts and failures by service providers to establish a working protocol for fiduciaries to access digital assets, it appears that the National Conference of Commissioners on Uniform State Laws (the “NCCUSL”) has been successful in establishing a uniform set of state laws governing the accessibility and management of digital assets by a fiduciary.
LINKS
Read "Modern Assets Require A Modern Approach: Planning For Digital Assets And Cryptocurrency" co-authored by Troy Stackpole and Linda Hirschson, published by LexisNexis and included in the Warren’s Heaton Legislative and Case Digest, Vol. 28, No. 1. (subscription)