Digital Assets Part 1: Estates – Who’s in Control and the Consequences
In Part 1 of Digital Assets, I cover who’s in control of digital assets such as Facebook, online photos, Pay Pal, iTunes and how to be protected. The short video discusses complying with the Florida Fiduciary Access to Digital Assets Act (FFADAA) to avoid liability issues – and what the Personal Representative, Power of Attorney, Trustee and Guardian can and can’t do.
This new digital act applies to estate planning documents created before and after July 1, 2016, even if digital assets were not referenced in the estate planning. To view the Digital Assets video click here.