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You Get My Finances but What About My Facebook? - Estate Planning and Administration News

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Estate Planning and Administration News


Posted on: Jul 29, 2014

The Internet never forgets. And, unlike humans, it also never dies. So what happens to someone's online profiles when they pass away? That question led to the Unfiorm law Commission's (ULC) recent approval of Uniform Fiduciary Access to Digital Assets (UFADAA).

Indiana must adopt UFADAA before it becomes effective legally in the state, but if that happens, it will help clarify the issue of digital assets such as social media profiles. The UFADAA defers to the digital account holder's intent, which should be made known prior to their passing in a written will, trust or document. The fiduciary would then be granted uahtority to access, control or copy digital assets.

To read more about the UFADAA, check out this article.

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