The Times They Are A-Changin': Digital Assets and Your Estate Plan
August 1st, 2013
For time immemorial, estate planners never had to worry about digital assets. But with the ever increasing reliance on and use of technology in the daily lives of the average American, estate planners must now consider the importance of digital assets along with more traditional asset classes. And in response to this new need, big changes have occurred recently. On July 16, 2014, the Uniform Fiduciary Access to Digital Assets Act (UFADAA) ("the Act") was passed by the Uniform Law Commission. The final review by the Committee on Style has not occurred yet, but once it does, then state legislatures will finally have the opportunity to vote on the law (if the state so chooses, and North Carolina definitely should)...