In March, the Florida governor approved a new law called the Florida Fiduciary Access to Digital Assets Act, which allows the loved ones of a decedent to access any digital assets he or she may have owned before death. This allows loved ones to access the recently deceased’s text messages, emails, online photographs, social media, and other electronic communications that would have otherwise been lost forever.
The act also allows Florida residents to plan for the management and disposition of digital assets should they become incapacitated or unable to manage their digital assets. Should either of these events happen, a person can grant an authorized fiduciary the power to access, control, or copy digital assets and accounts.
The Definition of Digital Assets
Digital assets under this Act are any electronic record that Florida resident has a right or interest in. This definition does not include any underlying assets or liabilities of the electronic asset. Examples of digital assets include information recorded on a computer or other digital device such as an external hard drive.