As the exponential growth in the storage of asset and liability information on digital platforms and devices continues unabated, the ability to gather critical asset and liability information following a death is becoming ever more complicated. Fiduciaries responsible for post-death administration must collect, secure, inventory and value all assets and account for all debts, expenses and administrative costs. The inability to access critical information that’s stored digitally significantly increases the risk that fiduciaries will fail to meet these obligations and therefore risk exposure to personal liability for any losses that may occur.
In response to this relatively new need for fiduciaries to gain access to critical asset and liab...
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