Cummings & Lockwood LLC
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What steps should a fiduciary take with respect to digital assets?

  • Locate computers, smartphones and similar devices, backup and flash drives, and online storage and accounts.
  • Identify digital assets, accounts, and information.
  • Access them as permitted by law and discussed above.
  • Value them for inventory, tax and distribution purposes.
  • Protect and preserve them.  For example, if the ownership of a domain name is not maintained and expires, the domain is suspended for two months, then put up for auction.
  • Retain knowledgeable, technical help.
  • Transfer them to the intended beneficiaries.