Barbara Bellin Janovitz, chair of the Estate Planning Group, shared her expert insights in the article "Digital assets important part of modern estate planning" published by Cleveland Jewish News.
Janovitz explained the Uniform Fiduciary Access to Digital Assets Act, which passed in Ohio in 2017, gives statutory guidance on the rights people have to access digital assets on four different types of fiduciaries – an executor, trustees, agents under a financial power of attorney and guardians.
“Making sure the process is seamless is a big part of the planning stage and talking about it all, how they want to handle it and if they want information released,” Janovitz said. “That is the part we do, and then we encourage clients to keep those lists. It’s about over-emphasizing with clients the importance of keeping that information. Sometimes, clients just won’t think about it if we don’t ask the question.”
