Most people think a power of attorney only covers bank accounts, real estate, and medical decisions. In reality, your digital life may now hold just as much financial and emotional value as your physical assets. From cryptocurrency wallets and PayPal balances to family photos stored in the cloud, these accounts can become inaccessible overnight if you become incapacitated. New laws tied to the Revised Uniform Fiduciary Access to Digital Assets Act (RUFADAA) now give authorized agents more legal power to manage digital assets, but only if your estate planning documents are written correctly. Here’s what you need to know to provide access to all of your digital assets without any hiccups.
