RUFADAA lets you grant an executor:
- Full access to an account or accounts
- Partial access to an account, with the executor limited only to the tools and information needed to carry out whatever duties you’ve entrusted to them
- Access to an account they should have been able to use if you were still alive
However, you have to be specific with your wishes and ensure that your will or trust takes RUFADAA’s new rules into account.
Your Digital Estate Could Be Worth Millions
RUFADAA will likely become more important as time goes on. A great many Americans possess millions of dollars in cryptocurrencies like Bitcoin and will want their loved ones to benefit from their hard work and smart investing once they’re gone.
Contact The Law Firm of Kavesh, Minor & Otis, Inc.
Just as you want to protect your physical assets, you want to protect your digital assets, as well. An estate planning attorney can help you navigate RUFADAA’s provisions to keep your digital assets, passwords, and/or cryptocurrencies protected.
The attorneys at The Law Firm of Kavesh, Minor & Otis, Inc. can assist you in protecting your digital estate by compiling a catalogue of valuable virtual assets, naming beneficiaries, and even entering certain assets into trust funds. Send us a message online, or give us a call today.
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