Mylennium Launches Digital Asset Authorization in Response to New State Laws

Business Wire

LOS ANGELES--(BUSINESS WIRE)-- Mylennium, an innovative digital estate planning platform, announced today the release of a product that helps Internet users control their digital legacy by creating a legal document that manages access to online accounts if the unexpected happens. Mylennium’s Digital Asset Authorization addresses the authorization requirements established by recently enacted Revised Uniform Fiduciary Access to Digital Assets laws in 29 states.

Without an Authorization, online accounts are handled per the provider’s Terms of Service Agreement, which often results in the loss of valuable personal digital assets.

The new Digital Asset Authorization gathers user responses required by digital asset laws to manage a legal representative’s access to two broad 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 manage access to their online accounts after they’re gone,” said Russ Haft, Founder, Mylennium. “At a time when Internet privacy protections are being challenged, a digital asset authorization is a simple and inexpensive way to satisfy state requirements and protect your digital legacy.”

PRICING/AVAILABILITY

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. The Comprehensive option, available for $34.95, features unlimited revisions for one year and a printed copy mailed to the customer. Additional state Authorizations will soon be available.

About Mylennium

Mylennium is a digital estate planning platform that features self-help products and digital asset services that help people manage their digital assets during their lifetime and beyond. 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.