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Revised Uniform Fiduciaries Access to Digital Assets Act (RUFADAA)

By September 21, 2020No Comments

Illinois has passed the Revised Uniform Fiduciaries Access to Digital Assets Act (RUFADAA), which allows fiduciaries to access,and under certain circumstances, control the digital assets of persons who are incapacitated or dead. Our firm has, from its inception, provided digital asset planning and we are pleased that the law is embracing these important assets.

Before passing RUFADAA, accessing a loved one’s email or Facebook account, could be construed as criminal unless your loved one took certain steps providing the fiduciary authority to do so. Even then, if the authority conflicted with the terms of agreement, the fiduciary still was prohibited from accessing said accounts.

Stay tuned for a legislative update on our blog

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