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Nice Website For A Stiff
Posted 05 August 2005 - 12:48 PM
I think one of my major competitors is dead. Their website hasn't been updated in about three years, email sent to them remains unanswered, mail sent to their address is returned, and a link on their site to their employer has no recent reference of them. This from a site that use to be heavily updated. Yet the site lives on.
I just extended the registration of my domain name to ten years, and set it to auto-renew thereafter.
The revenue my site earns gets directly deposited monthly into an account, the same one my hosting fees gets automatically deducted from every two years.
It's just weird to think that if I die in some freak accident tonight, my website will continue to grow and work for many years. Earning revenue for a dead person.
Unsettling, isn't it?
I mean, think of how many websites you might visit owned by the dead.
Posted 05 August 2005 - 01:09 PM
Posted 05 August 2005 - 01:16 PM
Posted 05 August 2005 - 01:34 PM
Self Employed people are so busy working that planning about all the things that have to be done after you died is just not on the priority list.
Can your spouse and / or estate designee know - and can get to - all the accounts (ie see a printed list of accounts and associated passwords retrieved from a safe place - that they can get to!) that you have?
All the billing, credit card, checking accounts set up and the auto debits / payments recorded somewhere so they know about them?
List of clients and quick summary for what is being done for each one?
Actually, the account / password storage location is something that any person should have now-a-days, not just a business.
I have a central list of all my web accounts, but training my wife on how to get to each one of them would take years!
Posted 05 August 2005 - 01:58 PM
Not just in case of death. There might be less extreme situations in which you would need someone else to have this information. Besides, if you organize the information, you will have an easier time finding things when you need them yourself.
Don't forget information about what bills have been paid. An old friend of mine lost her husband recently; he had made sure she knew how to reach all the assets, but she had a lot of difficulty figuring out which bills she needed to pay, and which had already been paid.
Posted 05 August 2005 - 07:59 PM
And yes it's wierd Jeremy.
How I deal with the possibility of such a situation...
My Will currently says that my daughter gets everything in trust until she turns 18, as she should. In the legal document my lawyer told me that we should specifically mention that she owns either all of, my share of every web site I have a stake in.
I have a list of all of those with logon/password data of course, but for me it's not quite that difficult. Since I run the servers, basically they just need my Admin logons for the servers. And since all of my domains are registered through the same Registrar and have been for years now, someone could log in there and find all of the domain names.
That said, my little list would suffice. It's currently 7 pages with each domain taking up 3 or 4 lines. As part of that list it says plainly all of the logon info, email addresses and passwords, as well as what my stake is in the domain. I jot little notes on this list all the time when I add a new domain, but at least once per year I pull up the saved copy I have on my computer and add in the jotted down stuff.
Whenever a new list is produced it gets placed in my personal safe and also in my safety deposit box, both of which also contain the most recent copy of my Will.
Having been through a very messy probate when my father passed, I don't want there to be any question whatsoever. It all even spells out who is to control the money and who is to have authority to run the sites should they not be sold, should anything bad happen to me. Two different people there.
It's a good thing to consider, even if it's a bit morbid.
Posted 05 August 2005 - 08:37 PM
I figure since I can't go to SES this August, I bought myself some time...
Posted 06 August 2005 - 05:37 AM
That's probably true Scottie. Missing one of those oughta be worth at least an extra month or two...
Speaking of which, did anybody happen to catch Charlie Rose's interview with night before last?
He was interviewing some author whose name escapes me at the moment, but the author is of the belief that if a person can make it another 10-15 years they might be able to live forever!
All very bio-techie, but the gist of it was that some of the advancements coming at the bio during the next decade or so, giving doctors the ability to turn on or turn off certain genes, should buy us all an extra 25 years. By which time Nano Technology should be developed well enough that we'll all have little nanobots running around inside us repairing any damage as it happens.
All very Star Trek'ish where people live to be several hundred years old, but he convinced me it's at least possible!
Posted 06 August 2005 - 08:44 AM
Is that necessarily a good thing?
Posted 06 August 2005 - 08:46 AM
Posted 06 August 2005 - 09:49 AM
I'm not so sure it's a good thing either Jill. If Uncle Sam thinks the Social Security system is going to go broke with today's lifespan, just imagine... They might as well bankrupt it now.
Seriously though, the way the guy laid it out our kids or perhaps their kids would look and feel like they were 20, when their actual age was 100+. So people would be a lot more active a lot later in life. If it comes to fruition we old fogey's are going to miss out on some of those advantages since they'll only be able to slow down the aging process, not reverse it.
Interesting stuff, if perhaps a bit of fantasy at this point.
FWIW, I remembered the guys name. Ray Kurzweil. He's an inventor who's apparentely famous in the Artificial Intelligence and Optical Character Recognition fields. Of course he is also trying to sell a book called Final Voyage that he co-authored with a doctor who is familiar with the scientific side of things.
Posted 06 August 2005 - 01:18 PM
ROFL! Sounds kinda like my early retirement plan - winning the lottery (though I suppose I should actually buy tickets for this plan to work...)
I guy I know in an offshore law firm has a client who died years ago - but there was no will and they had millions being held for him, so the law firm is just holding the money in trust, investing it prudently in accordance with the last instructions given them, and charging their standard fees for the service.
There is enough money in the account that it will probably keep growing forever, and the fees are high enough to allow the law firm to continue forever, too, with only that one client!
Who says there is no such thing as perpetual motion?
Posted 06 August 2005 - 02:28 PM
I might consider changing mine to become a long lost relative since nobody else wants it, even if it took years to collect.
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