Re: Death Thread... are your online ventures in your will?

C

CLKeenan

Banned
Jun 24, 2006
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Re: Death Thread... are your online ventures in your will?

If so, to who? I've had this thought cross my mind for a while now. I would probably leave 51% to my younger sister, 24.5% to my best friend who has always provided feedback since I created my site back in high school, and 24.5% to a guy I met at work who knows how to both development and business aspects of running a website. I'd also have it set up so that there's a 10% scholarship fund that comes out of the net revenue every month. This way I'm taking care of my family, giving credit where credit is due, and making sure the website is properly maintained.

How about you? What are your thoughts?
 


Kinda of a odd and personal thing to talk about. Many don't like to talk about death, freaks them out. Not me, it just personal information.
 
not to jack this thread ... but this leads me to a question i've thought of before.

what happens if you died unexpectedly, and had a campaign running that was spending like $1000 a day, and in a few days the offer expired or something, or you were just testing .. WTF happens with that credit card and debt?
 
leadsupplier said:
not to jack this thread ... but this leads me to a question i've thought of before.

what happens if you died unexpectedly, and had a campaign running that was spending like $1000 a day, and in a few days the offer expired or something, or you were just testing .. WTF happens with that credit card and debt?
Click to expand...

Launched an Acai campaign in early Oct '08. Was doing great so started scaling nicely. Then at the end of Nov I threw up a load of shit and upped the budgets and was leveraging shit quite hard.

I ended up in hospital that night and remained there without a computer for just over 2 weeks. I neg ROI'd at nearly 90% for that whole period. I think I was more sick when I got on my computer than when I was in hospital.
 
leadsupplier said:
not to jack this thread ... but this leads me to a question i've thought of before.

what happens if you died unexpectedly, and had a campaign running that was spending like $1000 a day, and in a few days the offer expired or something, or you were just testing .. WTF happens with that credit card and debt?
Click to expand...

The debt falls to your family I'm pretty sure. Would definitely like to know this as well if anyone had a situation like this happen.
 
leadsupplier said:
that would be fucked up if your family was left w/ teh debt ... seriously
Click to expand...

Bit of research...

If you're alone, debt could screw up what your loved ones get from your inheritance. (but they don't directly have the debt applied to themselves)

When you die, your estate is responsible for paying off the balance. If the estate goes through probate, your administrator or executor will look at your assets and debts and, guided by law, determine in what order bills should be paid. Remaining assets will be distributed to heirs by following your will (if you have one), or state law (if you don't).
Click to expand...

If you have joint bank accounts/credit/etc... whoever's still alive is fucked.

One situation in which someone else could end up shouldering your credit bill: If you share the account. If a spouse, family member, or business partner signed the card application as a co-signer (joint account holder), then that person could be liable for the balance on that card, along with (or instead of) the estate.
Click to expand...

src. What happens to credit card debt after death
 
Before we even start on about who owns what, who owes what, etc. do you have a plan in place to even leave behind access to your online web assets? Servers and hosting? Online banking? Various business/affiliate accounts for all the services you use? Personal web profile accounts? etc. etc. etc. All that stuff should be recorded somewhere with directions to it in your will.
 
CLKeenan said:
No one has anything to say about this?
Click to expand...

Wow.

Nobody's said anything good about it because few of us are probably prepared for this. I haven't thought about it since I became more profitable lately. At some point I will have to document it.

NOBODY knows my passwords, server addresses, etc etc... which I like for now but if I died some good money would be left in a bank account that my parents would have to fight to get.
 
Berto said:
Wow.

Nobody's said anything good about it because few of us are probably prepared for this. I haven't thought about it since I became more profitable lately. At some point I will have to document it.

NOBODY knows my passwords, server addresses, etc etc... which I like for now but if I died some good money would be left in a bank account that my parents would have to fight to get.
Click to expand...

Same here, nobody close to me even know my websites. :( If anything happens, my family will be getting checks for another year or so until the hosting/domains expire...
 
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