Author Topic: once maybe we will die.... (Read 6913 times)

Dog-maDe-sign · « **on:** March 24, 2016, 11:08 »

What do will happen at our portfolios when and if we will be died, without delete them?

.g

U11 · « **Reply #1 on:** March 24, 2016, 11:25 »

they will become public domain some day but agencies will continue sell them

dpimborough · « **Reply #2 on:** March 24, 2016, 11:40 »

You have your lawyer include in your will the transfer of all your copyright images to your estate or nominated next of kin.

When you die the portfolios can either be transferred to your estate or next of kin or they can choose to have them closed down.

Shelma1 · « **Reply #3 on:** March 24, 2016, 11:45 »

I believe they pass to your estate. Why your executor would want to shut your port down I don't know, because it will continue to generate income for the estate.

klsbear · « **Reply #4 on:** March 24, 2016, 11:45 »

Quote from: Dog-maDe-sign on March 24, 2016, 11:08

What do will happen at our portfolios when and if we will be died, without delete them?

.g

The agencies have policies in place where your heirs can submit documents to show they have inherited your property and are legally allowed to manage the account and receive payments. Ideally you would want to have all the paperwork in place with your heir and attorney so it is easy to provide the information. This should include website info, contact info, etc. or you can do what I did the night before a recent surgery where I was giving my husband a list of webisites and passwords, telling him he would have to figure it out but don't leave the money there. Note to self, get this info more organized for hubby and heirs.

Dog-maDe-sign · « **Reply #5 on:** March 26, 2016, 07:50 »

Quote from: klsbear on March 24, 2016, 11:45

Quote from: Dog-maDe-sign on March 24, 2016, 11:08
What do will happen at our portfolios when and if we will be died, without delete them?

.g

The agencies have policies in place where your heirs can submit documents to show they have inherited your property and are legally allowed to manage the account and receive payments. Ideally you would want to have all the paperwork in place with your heir and attorney so it is easy to provide the information. This should include website info, contact info, etc. or you can do what I did the night before a recent surgery where I was giving my husband a list of webisites and passwords, telling him he would have to figure it out but don't leave the money there. Note to self, get this info more organized for hubby and heirs.

Thank you very much for sharing your experience and your tips!
Cheers
.g

Justanotherphotographer · « **Reply #6 on:** March 26, 2016, 08:48 »

Quote from: klsbear on March 24, 2016, 11:45

Quote from: Dog-maDe-sign on March 24, 2016, 11:08
What do will happen at our portfolios when and if we will be died, without delete them?

.g

The agencies have policies in place where your heirs can submit documents to show they have inherited your property and are legally allowed to manage the account and receive payments. Ideally you would want to have all the paperwork in place with your heir and attorney so it is easy to provide the information. This should include website info, contact info, etc. or you can do what I did the night before a recent surgery where I was giving my husband a list of webisites and passwords, telling him he would have to figure it out but don't leave the money there. Note to self, get this info more organized for hubby and heirs.

Do you know what paperwork they need? I need to sort out something for wife as I have an operation under general anaesthetic coming up.

klsbear · « **Reply #7 on:** March 26, 2016, 09:40 »

Quote from: Justanotherphotographer on March 26, 2016, 08:48

Quote from: klsbear on March 24, 2016, 11:45
Quote from: Dog-maDe-sign on March 24, 2016, 11:08
What do will happen at our portfolios when and if we will be died, without delete them?

.g

The agencies have policies in place where your heirs can submit documents to show they have inherited your property and are legally allowed to manage the account and receive payments. Ideally you would want to have all the paperwork in place with your heir and attorney so it is easy to provide the information. This should include website info, contact info, etc. or you can do what I did the night before a recent surgery where I was giving my husband a list of webisites and passwords, telling him he would have to figure it out but don't leave the money there. Note to self, get this info more organized for hubby and heirs.
Do you know what paperwork they need? I need to sort out something for wife as I have an operation under general anaesthetic coming up.

I don't know specifically and it might be a little different for each agency but I believe what they want is proof that you are deceased and that the person claiming rights to your intellectual property is the legal heir. I think that writing it out in a will would be best. If the surgery is imminent and you don't have a will perhaps a letter detailing the IP assets (photos, videos, illustrations) with agencies listed naming your heir that was witnessed and notarized would be a helpful step although your estate may need to go through probate first. There was another post here several months back discussing this same topic and I think there was some more specific detail so you might want to search for that. I'm not a lawyer and haven't had to experience this directly so don't consider this to be the absolute answer. You need to check each agency for their requirements. I think some have it listed in their FAQ section.

Shelma1 · « **Reply #8 on:** March 26, 2016, 10:08 »

Quote from: Justanotherphotographer on March 26, 2016, 08:48

Quote from: klsbear on March 24, 2016, 11:45
Quote from: Dog-maDe-sign on March 24, 2016, 11:08
What do will happen at our portfolios when and if we will be died, without delete them?

.g

The agencies have policies in place where your heirs can submit documents to show they have inherited your property and are legally allowed to manage the account and receive payments. Ideally you would want to have all the paperwork in place with your heir and attorney so it is easy to provide the information. This should include website info, contact info, etc. or you can do what I did the night before a recent surgery where I was giving my husband a list of webisites and passwords, telling him he would have to figure it out but don't leave the money there. Note to self, get this info more organized for hubby and heirs.
Do you know what paperwork they need? I need to sort out something for wife as I have an operation under general anaesthetic coming up.

I'd get in touch with an attorney who specializes in wills and estate planning. You may be able to make certain heirs direct beneficiaries, or you may have to name them and their inheritance in the will. In either case the executor of your estate would be responsible for sending death certificates, other paperwork, etc., at least where I live. I know only too well.

etudiante_rapide · « **Reply #9 on:** March 26, 2016, 10:43 »

as so well said by kslbear..
but also it may be a bit different according to your country and the agency.

generally,
it requires the family send the death certificate, saying you wish to close the account.
or if your heir has the right as to the estate ,
you get the letter from the will "executer(

)" which verifies you are the legal heir
of the estate, to which the agency will then transfer the name to the name of the rightful heir.

for specifics, it is fastest to go to "contact us" of each agency and
write them to say urgent question re last will and testament ...
or something like that in the heading.

yes, as kslbear points out too, esp if your earnings is substantial, it should be handled
the same way as your other estate issues (house, land,etc) since it is like a bank account,etc...
if not, it will be just like those many unclaimed bank accounts
that goes into your country's central bank and filed under "unclaimed".
although i am sure the agency will no doubt not do anything
since it really does not know you are really dead

etudiante_rapide · « **Reply #10 on:** March 26, 2016, 10:54 »

further to this issue, this is why ss is the best...
automatic transfer at payout monthly .

this way, your only concern is to give your rightful heir your paypal info,etc..
so monthly the wife, son or daughter,etc... can transfer the monthly to your bank account,etc..

again , this still requires changing when the time comes.

PixelBytes · « **Reply #11 on:** March 26, 2016, 12:18 »

Justanotherphotographer, I wish you well with your surgery. Most likely this is just an intellectual exercise at this point. I am sure you will be fine.

I have had several surgeries under general anesthesia in the past few years and still here to talk about it

.

For the long term, all the advice above is great. If you are pressed for time, make sure you write out a list of all sites you're on, and the associated pass words, plus your paypal and skrill passwords. I explained to my family how to collect the income, xfer to bank, etc. Then hide where only they can find it. That way they have immediate access to your earnings until your will goes thru probate, etc. They can keep collecting the income as tho they were you.

ShadySue · « **Reply #12 on:** March 26, 2016, 13:20 »

Quote from: etudiante_rapide on March 26, 2016, 10:54

further to this issue, this is why ss is the best...automatic transfer at payout monthly .

So does iS, so does Alamy ...

Justanotherphotographer · « **Reply #13 on:** March 26, 2016, 13:20 »

Thanks to everyone for all the help. I have a couple of weeks until the surgery. I know the chances are all will be fine but I want to make sure my wife and children can pay the mortgage just in case!

My passwords are mostly saved on my home pc and I will get a guide together for my wife on how to cash out. I think I will also write a letter but suspect she may need a something from a lawyer longer term saying she is the beneficiary of my will. At least it seems like none of the agencies have a clause to try and grab our IP if we pop our clogs.

If an anonymous woman comes on asking for advice middle of next month you know what happened

etudiante_rapide · « **Reply #14 on:** March 26, 2016, 15:44 »

Quote from: Justanotherphotographer on March 26, 2016, 13:20

Thanks to everyone for all the help. I have a couple of weeks until the surgery. I know the chances are all will be fine but I want to make sure my wife and children can pay the mortgage just in case!

My passwords are mostly saved on my home pc and I will get a guide together for my wife on how to cash out. I think I will also write a letter but suspect she may need a something from a lawyer longer term saying she is the beneficiary of my will. At least it seems like none of the agencies have a clause to try and grab our IP if we pop our clogs.

If an anonymous woman comes on asking for advice middle of next month you know what happened

i suppose another way is to just change the paypal or where the money goes...to your wife's
and have a joint account where she can transfer from paypal or wherever.
this way, she already will know what to do during your recuperation
and she will do it for you .

i think that should work, since the payout , say of most agencies, is based on the email address to paypal, etc..
so you can change that , right???

do whatever's easier for her. she can then continue even if you recover.
good luck, every success in the surgery.

cascoly · « **Reply #15 on:** March 26, 2016, 18:04 »

http://www.nolo.com/legal-encyclopedia/marriage-property-ownership-who-owns-what-29841.html

Community property states are Arizona, California, Idaho, Louisiana, Nevada, New
Mexico, Texas, Washington, and Wisconsin. In Alaska, spouses can opt in to the community property system by signing an agreement designating specific assets as community property.

Generally, in community property states, money earned by either spouse during marriage and all property bought with those earnings are considered community property that is owned equally by husband and wife. Likewise, debts incurred during marriage are generally debts of the couple. At the death of one spouse, his or her half of the community property goes to the surviving spouse unless he or she left a will that directs otherwise.

klsbear · « **Reply #16 on:** March 26, 2016, 18:24 »

Quote from: etudiante_rapide on March 26, 2016, 10:54

further to this issue, this is why ss is the best...
automatic transfer at payout monthly .

this way, your only concern is to give your rightful heir your paypal info,etc..
so monthly the wife, son or daughter,etc... can transfer the monthly to your bank account,etc..

again , this still requires changing when the time comes.

Enabling your heirs to have access to the accounts and PayPal via passwords is a short term solution. I imagine it could get complicated when the agencies send a 1099 to the IRS and they have yoh listed as deceased.

KnowYourOnions · « **Reply #17 on:** April 04, 2016, 11:01 »

Well, at least we do know where we stand with these agencies and what to expect. It's good to prepare for all.

Got to share this horror story that I ve heard recently.
A contractor who worked almost 5 years non-stop for one of the agency passed away while working for them at the conference abroad. That same agency didn't want to pay a penny for his transport/funeral back home.
Reason given... he was just a freelancer!

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Author Topic: once maybe we will die.... (Read 6913 times)

Dog-maDe-sign

U11

dpimborough

Shelma1

klsbear

Dog-maDe-sign

Justanotherphotographer

klsbear

Shelma1

etudiante_rapide

etudiante_rapide

PixelBytes

ShadySue

Justanotherphotographer

etudiante_rapide

cascoly

klsbear

KnowYourOnions

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