From Ars Technica comes this post about Delaware’s recent adoption of the Fiduciary Access to Digital Assets and Digital Accounts Act, an adaptation of the Uniform Fiduciary Access to Digital Assets Act. On digital estate planning, as with corporate and trust law, Delaware looks poised to be the pioneering state of America. While the Act’s critics points to some concerns, this new digital estate planning law appears to at least be a step in the right direction. Let’s hope that Kansas and Missouri act soon to adopt similar laws to protect people’s digital assets. Non-Delaware residents with Delaware trusts, corporations, or LLCs could potentially use the Act for their benefit. For more on digital estate planning, see these earlier KC Estate Planner blog posts.
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