S1110
An Act clarifying the rights of fiduciaries to access digital assets
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Bill overview
This bill aims to clarify the legal rights of individuals who manage assets for others, such as trustees or guardians, when it comes to accessing digital assets. Currently, there may be uncertainty about how these fiduciaries can gain access to digital accounts and information held by individuals. The bill seeks to establish a more uniform and predictable process for fiduciaries to fulfill their duties regarding digital assets, ensuring they can properly manage and protect these assets on behalf of their beneficiaries.
Key provisions
- Defines ‘digital assets’ for the purposes of fiduciary access.
- Establishes a process for fiduciaries to request access to digital assets.
- Requires digital asset providers to respond to reasonable requests from fiduciaries.
- Addresses potential conflicts between digital asset provider policies and fiduciary duties.
- Clarifies the scope of fiduciary access to digital assets held by incapacitated individuals.
- Provides for expedited access in emergency situations.
- Specifies the types of information fiduciaries may access.
- Outlines procedures for resolving disputes regarding digital asset access.
Who is affected
- Fiduciaries (trustees, guardians, etc.)
- Beneficiaries of estates and trusts
- Digital asset providers (banks, investment firms, etc.)
- Individuals holding digital assets
Notable changes
- Addresses the lack of clear legal guidance regarding fiduciary access to digital assets.
Sponsors
Official sponsors from legislative records.
Primary sponsor
Barry R. Finegold
Cosponsor
Barry R. Finegold
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Bill S.1110 194th (Current)
An Act clarifying the rights of fiduciaries to access digital assets
By Mr. Finegold, a petition (accompanied by bill, Senate, No. 1110) of Barry R. Finegold for legislation relative to uniform fiduciary access to digital assets. The Judiciary.
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Bill Information
Bill Information
Presenter: Barry R. Finegold Status: Referred to Senate Committee on Ways and Means
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Bill History Petitioners Committee Vote Primary Sponsor Summary
Bill History
Displaying 5 actions for Bill S.1110
| Date | Branch | Action |
| 2/27/2025 | Senate | Referred to the committee on The Judiciary |
| 2/27/2025 | House | House concurred |
| 4/18/2025 | Joint | Hearing scheduled for 04/22/2025 from 01:00 PM-05:00 PM in A-2 |
| 10/14/2025 | Joint | Hearing scheduled for 04/22/2025 from 01:00 PM-05:00 PM in A-2 |
| 1/29/2026 | Senate | Bill reported favorably by committee and referred to the committee on Senate Ways and Means |
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