There are an estimated 25 million safe deposit boxes in America, and they operate in a legal gray zone within the highly regulated banking industry. There are no federal laws governing the boxes; no rules require banks to compensate customers if their property is stolen or destroyed. Read the full article here.
Recently the Uniform Law Commissioners approved five new acts, including the The Uniform Electronic Wills Act. According to the ULC: This Act permits testators to execute an electronic will and allows probate courts to give electronic wills legal effect. Most documents that were traditionally printed on paper can now be created, transferred, signed, and recorded … Continue reading Uniform Law Commission Approves the Uniform Electronic Wills Act