What is the law concerning the ownership and management of digital assets?

In Vermont, the law concerning the ownership and management of digital assets is largely determined by the user’s wishes. If a user is deceased, then the user’s intentions with regard to the digital assets will be followed, as long as they are specified in a will or other written document. If there is no will or other document specifying the user’s wishes, then the ownership and management of the digital assets will be handled according to laws related to the probate estate of the deceased user. Generally speaking, the laws surrounding digital assets focus on protecting the privacy of the user, so the executor of the estate (or other designated fiduciary) will be responsible for ensuring that the user’s digital assets are secured and managed appropriately. This includes the authority to access the digital assets, set up accounts, manage passwords, and ensure that the assets are used in accordance with the user’s wishes. In addition, Vermont law requires that any fiduciary involved in the management and ownership of digital assets must act in a manner that is consistent with the user’s wishes, and any decision made must be in the best interests of the user. The fiduciary is also responsible for ensuring that the user’s digital assets are kept safe from cyber threats, fraud, and other security risks.

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What is the law concerning the ownership and management of digital assets?

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