How do you keep track of all you online accounts and passwords? If you were gone tomorrow would your family know how to access all your accounts and take care of your business and estate?
This article raised some good questions to plan for the future and how your estate including your digital assets should be handled
Plan now to make this a priority. MN passed a bill in 2016 creating a procedure to enable access to or disclosure of online accounts and digital assets to a person’s fiduciaries. A person’s fiduciaries may include an agent under a power of attorney, a court-appointed conservator of a living person, a trustee of a trust, or a court-appointed personal representative of a deceased person’s estate. It is referred as the Revised Uniform Fiduciary Access to Digital Assets Act (RUFADAA).
So, a user’s “lawful consent” for disclosure of digital assets should be included in an individual’s estate plan, such as an individual’s financial power of attorney document for use while the individual is living, the individual’s will for use after the individual is deceased, and, if applicable, the individual’s revocable living trust (or irrevocable trust) for use if any digital assets are held in the trust.
Headquartered in Eden Prairie, MN., SaveNotes, LLC provides a unique alternative to stocks, bonds and CD’s by providing fixed income with high return, while remaining easy to invest.
SaverNotes pays interest to its investors based on a variety of available investment amounts and maturity dates. SaverNotes have no fees or expenses and are available for any Minnesota investor. Current rates range from 3.00% to 6.00% based on terms of two to five years. Investors can also invest through their IRA account.