Los Angeles, CA, April 19, 2017 — Mylennium, an innovative digital estate planning platform, announced today the release of a new product that helps Internet users manage their digital legacy by creating a legal document that authorizes or prohibits access to personal online accounts. Mylennium’s Digital Asset Authorization addresses the authorization requirements established by recently enacted Revised Uniform Fiduciary Access to Digital Assets laws in 22 states with 21 additional states considering similar legislation.
New digital asset laws establish a hierarchy of access to digital accounts that gives control back to the account owner if they complete a Digital Asset Authorization. If nothing is done, online accounts, including email and social media, are handled per the provider’s Terms of Service Agreement, which often results in the loss of a user’s important accounts and valuable content.
The new Digital Asset Authorization gathers user responses required by digital asset laws to control a legal representative’s access to different categories of digital assets. The user has the option to authorize or prohibit access to each category of digital assets, and to identify specific online accounts the provider is prohibited from sharing with anyone, including a legal representative. The entire process takes less than five minutes after which the user receives an email with the completed document ready for their signature.
“Recent enactment of Fiduciary Access to Digital Assets laws is a major step forward for anyone that uses the Internet and wants to control access to their online accounts after they’re gone” said Russ Haft, Founder, Mylennium. “At a time when Internet privacy protections are being challenged, Mylennium’s Digital Asset Authorization is a simple and inexpensive way to generate a legal document that directs service providers how the data in a user’s online accounts should be handled upon their passing. This is the necessary first step in any digital estate plan.”
Mylennium’s Digital Asset Authorization is available now for California, Florida, Michigan, New York, and Washington. A Basic Digital Authorization is priced at $24.95 and includes unlimited revisions for 30 days and an email copy of the completed document. The Comprehensive option, available for $34.95, includes all Basic features plus unlimited revisions for one year and a high-quality printed copy mailed to the customer. Authorizations for an additional eighteen states that recently enacted digital asset laws will soon be available.
Mylennium is a digital estate planning platform featuring products that help people plan how their online digital assets are handled after they’re gone. Mylennium offers self-help products, digital asset services, and original content specific to the requirements of digital asset laws recently enacted by many U.S. states. The company was founded in 2015 by Russ Haft who recognized the growing need to include digital assets in the estate planning process as digital technology assumes an integral part of daily life. For more information about Mylennium, visit www.mylennium.com and follow us on Twitter: @mylenniumD and Facebook: @MylenniumD