Oregon Governor Kate Brown recently signed SB 1554 into law. It permits legal access to digital assets, as reported by kitv.com in a recent article, “Governor signs new law which protects digital assets.”
In order to gain this access, an individual must affirmatively state in his or her estate planning documents that they want a fiduciary to have online access. If not, it defaults to the terms of service agreements.
A mother who lost her son 10 years ago after a motorcycle accident wanted to access his Facebook account as a tribute to him.
“I wanted to keep it up and running for at least a year,” Karen Williams said. “So [friends and family] can come back to it and it could be there for the first year anniversary.”
Williams said Facebook would not permit her to keep her son’s page. Even worse, the company deleted the page. She said the problem was that there wasn’t anyone to oversee it and—at that point in time—there were no options to allow someone to access an account or delete it.
It’s important to be proactive and decide if your online accounts are of such value that you have to do something about it, like put it in your power of attorney agreement or estate planning documents.
The new law goes into effect January 1, 2017.
Reference: kitv.com (March 8, 2016) “Governor signs new law which protects digital assets”