An Act for uniform fiduciary access to digital assets
Take action
Record your position on this measure.
Create an account to take a stance, submit a written position, or contact your legislator.
Progress
Where this bill stands in the legislative process.
- Introduced
- Passed House
- Passed Senate
- To Governor
- Became Law
Overview
This bill aims to establish a consistent process for fiduciaries – such as executors and trustees – to access digital assets, like cryptocurrency and online accounts, on behalf of their beneficiaries. Currently, accessing these assets can be difficult and vary greatly depending on the platform and the type of digital asset. The bill seeks to standardize procedures to ensure that fiduciaries can effectively manage and distribute digital assets according to legal requirements.
Key provisions
- Requires digital asset custodians to provide fiduciaries with access to digital assets.
- Establishes a process for fiduciaries to obtain court orders for access.
- Defines ‘digital assets’ for the purposes of the law.
- Addresses privacy concerns related to accessing digital assets.
- Specifies the types of digital assets covered by the law.
- Outlines procedures for custodians to provide information about digital assets.
- Requires custodians to cooperate with fiduciaries in accessing digital assets.
- Creates a process for resolving disputes regarding access to digital assets.
Who is affected
- Fiduciaries (executors, trustees, guardians)
- Beneficiaries of estates and trusts
- Digital asset custodians (cryptocurrency exchanges, online account providers)
- The Probate Courts
- Individuals with digital assets
Notable changes
Bill text
Read the latest version inline or switch to a previous version.
Text extraction is in progress. View the official source.
Sponsors
Official sponsors from legislative records.
2 on record
Primary sponsor
Cosponsor
Arguments
Reasons offered for and against this legislation.
Arguments in favor
No arguments in favor have been submitted.
Submit yoursArguments opposed
No arguments opposed have been submitted.
Submit yours