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I think that they’re assets that would be transferred as normal.
You don’t usually have to list ALL your bank accounts in a will – neither should you have to specifically list the Neteller account.
(However – you will need all your affairs together somewhere so your beneficiaries actually know what is/was your property …)
:dontget:Affiliate accounts all seem to have various terms and conditions – but I’d doubt that the Casino would be as predatary to actually try to terminate accounts in the event of death (as long as the site was going to continue)
:satisfiedHowever, as with all things legal you should actually check the fine print yourself …
Just will the site(s) and access codes to someone….
you are sure thats all Dom?
Well this is hard to answer topic for all the affiliate industries.
Until I know there are not clauses in the terms of any program covering topics like inheritance, dead , will etc.
I know only one (not casinos) with some specific terms in the case of divorce.Regarding this thread I vote for :
1)The transference of the domain names in the will covering the right to access to all the programs listed .
3)Then the beneficiaries must prove in each program their legitimate right to obtain the transference of the accounts.Could be a tough proccess since you have to face many differents offshore jurisdictions with diverse legislations.
The easy way is to set up now a Corporation.
There’s not problem in this case.
This this the proccess I will facing in 2007.elgoog wrote:you are sure thats all Dom?Well, I’ve talked to a few programs and they said there would be no problem if my husband took over.
Incorporating is definitely best though.
Forget all the problems and do a living trust. Thus, no change in ownership on anything.
Something I’ve been meaning to do but never really got around to was to document everything it takes to run my sites.
At the moment I do most of the work myself and certainly my partner wouldn’t know how to access everything, when to pay hosting fees, who to chase for money, who needs invoicing, etc, in the event of my death or serious illness.
It’s something that we should all probably do to some degree to ensure income for partners/husbands/wives/children, etc.
Anyone else undertaken this or thought about it?
I’ve certainly thought about it, but it changes all the time….
I have compiled some very basic instructions preparing for sale of the sites.
Thanks everyone for your advice. Operating under a business name seems to be the safest option so far. Whatever happens to the affiliate, the business will continue on as normal.
Doolally wrote:Anyone else undertaken this or thought about it?hehe, im not the only one thinking like this…
Yes – and the solution was simple for me.
I got my partner interested in the business and she looks after all the previews and deals for our casino section – while I handle sports and poker.
All assets are owned by the business and we are both shareholders in it. This provides easy handover – and makes sure that she has good hands on konwledge of exactly how things work.
:thumbsup:TheGooner wrote:Yes – and the solution was simple for me.I got my partner interested in the business and she looks after all the previews and deals for our casino section – while I handle sports and poker.
All assets are owned by the business and we are both shareholders in it. This provides easy handover – and makes sure that she has good hands on konwledge of exactly how things work.
:thumbsup:wow, when you say shareholders, do you mean your company listed in the stock exchange?
Issuing shares ios not the same as going public.
Private companies issue shares too.
Exactly Dom. A private company.
:satisfiedIncorporation is pretty simple (and cheap) – gives you legal protection that is not available as a self-employed person or sole trader – and is no more hassle.
It also “legitimizes” your business in the eyes of many and does give you access to various tax reduction methods not available to PAYE earners.
(note : this discussion is based on New Zealand tax law)And of course (to get back to the original discussion) it makes sure that all affiliate accounts and property are clearly defined and ownership rights will pass smoothly onto the other share holders.
:satisfiedYou should definitely have a business own your affiliate accounts. Some affiliate programs have/had terms that allow them to cease paying on a deceased affiliate’s account after a certain amount of time. (I think Referback put this t&c change in at one time.) The best way to combat it is to have a business own the account, as it could only die by it’s shareholders shutting it down.
