Apr. 4, 2016

Florida Enacts Fiduciary Access to Digital Assets Act

By Joshua R. Landsman

Florida Enacts Fiduciary Access to Digital Assets Act 

For those that can’t go a day without posting a political jab on Facebook, posting a photo on Instagram, tweeting a Tweet on Twitter (sounds like a line from a Dr. Seuss book), you may have wondered what happens to those accounts when you die.  Well, for Florida residents, we have some clarity.

On March 10, 2016, Governor Scott signed into law Senate Bill No. 494 which creates Chapter 704 of the Florida Statutes entitled the “Florida Fiduciary Access to Digital Assets Act” (the “Act”).  The bill was sponsored by Sen. Hukill. 

The Act is the States’ adaptation of the Revised Uniform Fiduciary Access to Digital Assets Act and aims to provide “fiduciaries” legal authority to manage digital assets on behalf of others and provides “custodians” legal authority to interact with fiduciaries to disclose digital assets in the manner requested by “users”.

This post summarizes some of the main points of the Act.

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Evening of Wine & Cheese

A private reception
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5:30 p.m. – 7:30 p.m. 
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