Workshop – What to do with Digital Assets?
Thursday, February 15th 2024 – 4 pm
What to Do with Digital Assets?
February 15th, 2024 – 4 pm
A workshop exclusively for LPP members and their guests.
The digital age has made many aspects of life much more convenient. We simply post a photo to update our family and friends about our status. Purchased movies and songs can be streamed to any device seamlessly. We can send and receive detailed conversations in an instant.
As our digital footprints grow, what happens to all of that information after we die?
In 2016 Colorado adopted the Revised Uniform Fiduciary Access to Digital Assets Act (RUFADA), and it became governing law on August 10, 2016. Under RUFADA person(s) serving as a personal representative, conservator, trustee or agent under a power of attorney are allowed access to digital assets of an individual while maintaining the individual’s privacy. Further, individuals can use their estate plan to outline the administration and disposition of their digital assets and communications.
Now that your successor trustees are allowed to access your digital footprint, what do you want them to do with it? What parts of your digital footprint would be best handled discretely (are there any sent emails you would rather people not see)? How can your digital assets serve your beneficiaries?