On July 13, the Pennsylvania Senate passed SB320, adopting the Revised Uniform Fiduciary Access to Digital Assets Act. Developed by the Uniform Law Commission (ULC), the Act provides fiduciaries such as executors and agents under powers of attorneys the legal means to manage the digital assets of deceased or incapacitated people.
This program provides a review of the Act and a discussion among distinguished panelists regarding its background and practical application to estates, trusts, powers of attorney, and guardianships. It will cover the law's effects on digital assets including emails, other electronic records, cryptocurrencies, and block chain. The discussion will address federal tax guidance and offer sample language for wills, trusts and powers of attorney.
Our panel includes trust and estate attorneys, corporate fiduciary legal counsel as well as Benjamin Orzeske, Chief Counsel of the UCL and Ayesha Minhaj, Associate Security Counsel at Google.
Recorded in August 2022.