It is a bit of a precarious subject, but you should think about it. Certainly when your website is a solid source of income.
What happens when you die?
- 1. Bank accounts
All your assets will be frozen, your bank account, your credit card, etc. until it is clear who will have access to it.
Often the amount in the bank account is decisive. For example, if there is not much on it, the access is released earlier.
Keep in mind that a certificate of inheritance costs around $ 600 when you need this.
Many people think that they can prevent this paperwork for their relatives by authorizing someone to manage their account. But an authorization expires in the event of death. This also applies to a proxy, which is recorded in a life testament. Anyone who wants to appoint someone e.g an executor to arrange his bank affairs after his death must have a will written. On the other hand, this executor cannot arrange matters before the death. An executor needs a statement of execution to gain access to a checking account.
Banks often have a surviving relatives service or counter to help settle the banking affairs of a deceased customer.
Page 2 - Life insurance
Page 3 - Website access
Page 4 - Wealthy Affiliate
Page 5 - Affiliate companies
A very appropriate piece as it could mean a huge amount to the deceased's estate.
Imagine you've been at this online thing for several years and it's producing substantial income and you suddenly "pop off", wouldn't you want your dependents and loved ones etc to have the benefit of all that effort?
Of course, anybody would, so the need for forward planning is one that everyone should consider.
Imagine all that WA, Amazon, Clickbank, Adsense etc income being paid into accounts and not being properly distributed according to one's wishes!!
Thanks for bringing it to everybody's attention Loes.
Mark
He's not expecting to need any of this for a long time but it's a good idea to be prepared.
Just a couple of days ago I was talking to my husband about my websites. He knows absolutely nothing about them.
This information is extremely helpful for us.
Thank you
Laura