News & Analysis as of September 20, 2024

Estate Planning › UFADAA

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Estate Planning is a process where individuals prepare or plan for the settlement of their personal affairs in the event of incapacitation or death. Estate plans typically include provisions relating to the disposition of assets, guardianship of minor children, and appointment of representatives to make medical and financial decisions. Effective estate planning can decrease tax liability and facilitate the probate process. less -

Digital Assets in Estate Planning: Cybersecurity Concerns and Considerations

Ballard Spahr LLP on 9/14/2020

With the rise of the digital world, many estate planning clients have accumulated large collections of “digital assets” that are stored online. In its simplest form, a “digital asset” is a non-physical asset that exists...more

New Jersey Enacts Uniform Fiduciary Access To Digital Assets Act

Cole Schotz on 12/20/2017

New Jersey recently enacted the Uniform Fiduciary Access to Digital Assets Act (the “Act”). In general, the Act provides executors, trustees, guardians, and power of attorney holders (“fiduciaries”) with the ability to access...more

New Law Deals With Digital Assets After Death

Snell & Wilmer on 9/20/2016

In an article earlier this year we noted that at a large number of states had introduced legislation to address an emerging issue that is unique to our Information Age: how will our digital assets be accessed and used (or...more

Keying into your digital assets: Revise your estate plan to account for online documents

Adler Pollock & Sheehan P.C. on 4/6/2016

In the not-so-distant past, one likely kept copies of vital estate planning documents locked in a fire-resistant vault or file cabinet, with copies at an attorney’s office. However, in this digital age, it’s more likely that...more

Insight on Estate Planning - April/May 2016

Adler Pollock & Sheehan P.C. on 4/4/2016

Have you addressed elderly parents in your estate plan? Typically, an estate plan includes accommodations for your spouse, children, grandchildren and even future generations. But some members of the family can be...more

Revised Uniform Fiduciary Access to Digital Accounts Act Adopted by Four States

Dorsey & Whitney LLP on 3/17/2016

With the shift from traditional hard copy paper documents towards electronic records stored Cloud Computing-based software and services (e.g., iCloud, Dropbox, Google Drive, etc.), access to and use of digital assets by...more

Privacy + Estate Planning = Handling Your Digital Assets After You Die

Snell & Wilmer on 3/2/2016

The recently-proposed Revised Uniform Fiduciary Access to Digital Assets Act (“Revised UFADAA”) is a potential solution to a problem that most of us eventually will face: how will our digital assets be accessed and used (or...more

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