RECENT CHANGES TO OHIO LAW GIVE ESTATE FIDUCIARIES ACCESS TO DIGITAL ASSETS

House Bill 432, which became effective in March of 2017, contained Ohio’s Revised Uniform Fiduciary Access to Digital Assets Act (“RUFADAA”). RUFADAA provides a digital asset owner’s fiduciaries (namely, his/her agents, guardians, estate representative, and trustees) with specific rights to access those assets. Before this change, fiduciaries could not lawfully access those assets. Under RUFADAA, “digital asset” means an electronic record in which an individual has a right or interest, but does not include an […]

Continue reading