Program Details 2017*
Digital Asset Information: What can Executors Do When Usernames and Passwords Die With the Testator?
The average person has roughly 26 different digital accounts that can only be accessed electronically with a username and a password. These accounts provide access to everything from shopping to banking to social media to e‑mail to airline miles and other loyalty programs, some of which have real economic value. At death or disability, it may be difficult or impossible for a fiduciary to access digitally stored information that will be needed to settle the estate. Further, attempts by fiduciaries to gain access to critical digital asset information are fraught with legal and ethical landmines.
Fred Weber leads the Estate Settlement Services Practice for Northern Trust Company’s Central Region. In this role, Fred manages the team that handles all aspects of complex, death-related administration of estates and trusts when the Northern Trust Company acts as a fiduciary for a client who has died. Fred received his B.A. from the University of Minnesota and his J.D. from DePaul University College of Law and is licensed to practice law in Illinois.
*Note: This program was offered last year and may or may not be offered again this year.
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