Apr. 4, 2016

Florida Enacts Fiduciary Access to Digital Assets Act

Florida Enacts Fiduciary Access to Digital Assets Act 

For those that can’t go a day without posting a political jab on Facebook, posting a photo on Instagram, tweeting a Tweet on Twitter (sounds like a line from a Dr. Seuss book), you may have wondered what happens to those accounts when you die.  Well, for Florida residents, we have some clarity.

On March 10, 2016, Governor Scott signed into law Senate Bill No. 494 which creates Chapter 704 of the Florida Statutes entitled the “Florida Fiduciary Access to Digital Assets Act” (the “Act”).  The bill was sponsored by Sen. Hukill. 

The Act is the States’ adaptation of the Revised Uniform Fiduciary Access to Digital Assets Act and aims to provide “fiduciaries” legal authority to manage digital assets on behalf of others and provides “custodians” legal authority to interact with fiduciaries to disclose digital assets in the manner requested by “users”.

This post summarizes some of the main points of the Act.

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Nov. 30, 2015

IS THE UNITED STATES ON THE EDGS OF ANOTHER FINANCIAL DOWNTURN?

By Charles M. Tatelbaum

For those that believe that U.S. stock market indicators are not the true measure of the health of the nation’s economy, a number of recent events have pointed out the fact that while unemployment may have been stabilized, the economy in the U.S. is far from stable and healthy on an overall basis. Those of us that have dealt with the perils and pitfalls of the erratic economy since prior to the 1980 recession where the prime rate of interest rose to over 20% and inflation was rampant recognize that some of the same type of indicators are present today which could foretell severe economic problems for the near future.

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Nov. 16, 2015

A NEW CONCERN FOR CORPORATE DIRECTORS

By Charles M. Tatelbaum

A recent ruling by a judge of the US District Court for the Northern District of California has raised new concerns for directors of not only public companies, but also or private and closely held entities as well as managing members or directors of limited liability entities as to potential exposure which may be excluded from coverage by traditional directors’ and officers’ insurance policies.

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Oct. 30, 2015

The Stock Market Freefall From A Bankruptcy Perspective

By Charles M. Tatelbaum

The irrational exuberance (borrowed from Alan Greenspan) with respect to the continued increase in the stock market has led many investors to purchase even more securities on margin. The recent freefall will trigger substantial margin calls, which in turn will require additional selling of securities at a loss, and in many instances it will create a cash crisis for the investor whether large or small. In past economic downturns involving the stock market, this has led to a substantial number of unexpected bankruptcy proceedings.

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Mar. 23, 2015

Be Proactive in Cyber Security or Pay a Hefty Price

BY PAUL O. LOPEZ

High profile data security breaches like those at Target and Home Depot drive home the need for businesses to take active responsibility for shielding customer information – and so do the resulting lawsuits.

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Evening of Wine & Cheese

A private reception
Tuesday, February 26, 2019 
5:30 p.m. – 7:30 p.m. 
Timpano’s Italian Chophouse 

The Florida Supreme Court Expands Rights of Biological Parents

 An op-ed by Tripp Scott's Douglas Reynolds and Henny Shomar. As published in the DBR.

Connor Perkins knew he was the father. He was there when his girlfriend Treneka Simmonds gave birth to their child in February 2013. He took the child to doctor’s appointments, enrolled the child in daycare, voluntarily paid child support and was referred to as “daddy” by the child. Perkins claimed that he was not aware that the mother was in an intact marriage, which resulted in him being denied parental rights with the child by the Broward Circuit Court.

Deeper Roots, Expanded Reach

The law firm of May, Meacham & Davell PA has moved six attorneys and staff to join the Tripp Scott team.

A merger was not on the radar for either firm. Tripp Scott has focused on organic growth by adding one attorney at a time. May, Meacham & Davell (MMDPA) had declined offers before.

 

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