Scott Siedor is an associate in the Trusts and Estates Group. His practice is focused in the areas of estate and trust planning and probate administration. Scott counsels individuals and families with respect to a variety of wealth preservation issues and techniques, including planning for the management, protection, and transfer of assets during lifetime and upon death. His practice involves advice to families regarding income and transfer tax issues. He works with owners of closely-held businesses in the transition of the business. He also represents individual and professional fiduciaries and beneficiaries in probate courts in fiduciary-related litigation matters. Read his full rc.com bio here.
On March 1, 2018, the one year transition period within which banks, insurance companies, and other financial services institutions and licensees regulated by the New York Department of Financial Services (“Covered Entities”) must have implemented a cybersecurity program ends. By March 1, the Covered Entities must be in compliance with the following requirements: 23 NYCRR … Continue Reading
On February 15, 2018—that is, today—banks, insurance companies and other financial services institutions and licensees regulated by the New York Department of Financial Services (DFS) are required to file their first certification of compliance with DFS’s far reaching cybersecurity regulation (23 NYCRR Part 500) (the “Regulation”). The Regulation, which became effective on March 1, 2017, … Continue Reading
In the hours leading up to the legislature’s constitutional adjournment deadline of midnight on May 4, the Connecticut State Senate passed House Bill 5606, the “Connecticut Revised Uniform Fiduciary Access to Digital Assets Act.” The bill, passing unanimously on consent calendar, extends a fiduciary’s existing authority over a represented person’s assets to include such person’s … Continue Reading
When an individual signs up for a new online account, the process typically requires an agreement to the provider’s terms of service. While service providers often have policies controlling what will happen on the death of an account holder, individuals rarely read the terms of service. Nevertheless, the user is technically informed of these policies … Continue Reading
The Uniform Law Commission (ULC) adopted the Uniform Fiduciary Access to Digital Assets Act (UFADAA) in July 2014 to better align state laws with the virtual reality of modern economic and social life. Under the UFADAA, fiduciaries had the same access to digital assets as they did for tangible assets, but only for the limited … Continue Reading