Thought for the Day” #1107 – by Stephen R. Elville, J.D., LL.M.

June 25, 2018

Your classical or other music collection is extremely valuable (digital or otherwise), as are other collections of whatever nature. Be sure to think through, arrange, and plan for the disposition of these assets and prepare your personal representative, trustee, or financial agent (attorney-in-fact) along those lines, including education about their ability to access, manage, and dispose of digital assets either through online tools or by way of their authority under the Maryland Fiduciary Access To Digital Assets Act. By taking these preliminary steps, you will ensure that your music or other collection can live on and be enjoyed and valued in the years to come.