Not being morbid but...

wwwdomain.name · 05-04-2006, 08:25 PM

Here is a senario...

You've made a big investment in a domain portfolio and those domains are held in your name - in this instance .co.uk's... You've taken the view that you are holding onto your portfolio with the intention of leaving it in a will...

You are the legal registrant and due to the process (nominet terms) for transfer etc, your signature is required to authorise any transfers...

What would happen if , one way or another, you died suddenly, without prior warning... Would your partner, offspring or legally appointed heirs of your estate be able / entitled to take over your names without that all important signature? Or, would the whole portfolio ultimately just fall into the hands of the 'drop-catchers' because of procedure?

As we are all making significant investments one way or another, I thought it prudent to pick up on this point as scouring the forums, I couldn't find anything on this ALL IMPORTANT issue...

Should we all instantly request a transfer form and complete it, safeguarding it with our will? Or, are their set proceedures for this kind of situation in place....

Feedback, insights, thoughts etc, appreciated....

bb99 · 05-04-2006, 08:29 PM

I read "I'm not being morbid but..." on the main forum page and I thought you were going to talk about the fact that Gene Pitney died today and, within a very short space of time, someone registered genepitney.co.uk...

... but you didn't! Getting back on topic, the Nominet T&C's say:

Quote:

18 If you are an individual, this contract will end if you die and the person legally appointed to deal with your assets after you die does not transfer the domain name (either to themselves or someone else) within a year of your death (or the end of their appointment, whichever comes first).

So it appears that you need to make sure that your executors or whatever have a list of your domain names and know to transfer them within a year of your death.

wwwdomain.name · 05-04-2006, 08:31 PM

BB

Fantastic... Thanks for the reply...

wwwdomain.name · 05-04-2006, 08:38 PM

Apologies, should have added...

Is it still prudent as a safeguard - more importantly vaild - to get pre-signed transfer forms showing consented documentary evidence - or would they be negated be by the fact that t&c 18 comes into play?

bb99 · 05-04-2006, 08:39 PM

Quote:

Originally Posted by wwwdomain.name

Apologies, should have added...

Is it still prudent as a safeguard - more importantly vaild - to get pre-signed transfer forms showing consented documentary evidence - or would they be negated be by the fact that t&c 18 comes into play?

I'd guess that if the form (and letter) was signed before your death but dated afterwards then it wouldn't be valid in law... but maybe DG could ask his brother to confirm??

Having said that, unless Nominet knew you were dead, they would just process the transfer as normal. I don't believe the repugnant transfer fee that they charge contributes to any form of check that you're dead

wwwdomain.name · 05-04-2006, 08:43 PM

BB

Again, thanks...

I assume it would at least show consent, even though it may not be 'valid' as such... Thinking of the 'vultures'... Surprising how they come to roost when their is money on the table...

LeeOwen · 05-04-2006, 08:44 PM

the thing about gene pitney's passing, when I looked up the name on google, at the very top was gene-pitney.com and on the page it read "testing... be back shortly" bad timing me thinks.

wwwdomain.name · 05-04-2006, 08:47 PM

Lee

On a lighter note, did he ever make it to Tulsa?

Showing my age, bet most members don't know what I'm on about...

bb99 · 05-04-2006, 08:51 PM

Gene's death is somewhat related to the topic though. I suppose you never know when you're going to go and as morbid as it seems you should make sure that someone knows what you've got and where it is - be it domain names or money hidden under the bed.

wwwdomain.name · 05-04-2006, 08:58 PM

BB

Shhhhhhhhhhhhh... don't tell everybody where it is... lol

Really appreciate you highlighting TC18.... The brain tends to skip over things that mention 'in the event of' you know what....

Thanks for the speedy response and replies...

05-04-2006, 08:25 PM	#1
wwwdomain.name Join Date: Dec 2005 Posts: 1,695 Domain Trader Rating: (100% / 13)	Not being morbid but... Here is a senario... You've made a big investment in a domain portfolio and those domains are held in your name - in this instance .co.uk's... You've taken the view that you are holding onto your portfolio with the intention of leaving it in a will... You are the legal registrant and due to the process (nominet terms) for transfer etc, your signature is required to authorise any transfers... What would happen if , one way or another, you died suddenly, without prior warning... Would your partner, offspring or legally appointed heirs of your estate be able / entitled to take over your names without that all important signature? Or, would the whole portfolio ultimately just fall into the hands of the 'drop-catchers' because of procedure? As we are all making significant investments one way or another, I thought it prudent to pick up on this point as scouring the forums, I couldn't find anything on this ALL IMPORTANT issue... Should we all instantly request a transfer form and complete it, safeguarding it with our will? Or, are their set proceedures for this kind of situation in place.... Feedback, insights, thoughts etc, appreciated....

05-04-2006, 08:51 PM	#9
bb99 Join Date: Mar 2005 Posts: 1,144 Domain Trader Rating: (0% / 0)	Gene's death is somewhat related to the topic though. I suppose you never know when you're going to go and as morbid as it seems you should make sure that someone knows what you've got and where it is - be it domain names or money hidden under the bed. __________________ Gazebo \| Murcia Golf Apartment \| Bouncy Castles \| Self Storage Guide \| The Colosseum, Rome \| Professional Indemnity Insurance

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05-04-2006, 08:31 PM	#3
wwwdomain.name Join Date: Dec 2005 Posts: 1,695 Domain Trader Rating: (100% / 13)	BB Fantastic... Thanks for the reply...

05-04-2006, 08:38 PM	#4
wwwdomain.name Join Date: Dec 2005 Posts: 1,695 Domain Trader Rating: (100% / 13)	Apologies, should have added... Is it still prudent as a safeguard - more importantly vaild - to get pre-signed transfer forms showing consented documentary evidence - or would they be negated be by the fact that t&c 18 comes into play?

05-04-2006, 08:43 PM	#6
wwwdomain.name Join Date: Dec 2005 Posts: 1,695 Domain Trader Rating: (100% / 13)	BB Again, thanks... I assume it would at least show consent, even though it may not be 'valid' as such... Thinking of the 'vultures'... Surprising how they come to roost when their is money on the table...

05-04-2006, 08:44 PM	#7
LeeOwen Banned Join Date: Apr 2005 Location: Dristor, Bucharest, Romania Posts: 3,722 Domain Trader Rating: (100% / 14)	the thing about gene pitney's passing, when I looked up the name on google, at the very top was gene-pitney.com and on the page it read "testing... be back shortly" bad timing me thinks.

05-04-2006, 08:47 PM	#8
wwwdomain.name Join Date: Dec 2005 Posts: 1,695 Domain Trader Rating: (100% / 13)	Lee On a lighter note, did he ever make it to Tulsa? Showing my age, bet most members don't know what I'm on about...

05-04-2006, 08:58 PM	#10
wwwdomain.name Join Date: Dec 2005 Posts: 1,695 Domain Trader Rating: (100% / 13)	BB Shhhhhhhhhhhhh... don't tell everybody where it is... lol Really appreciate you highlighting TC18.... The brain tends to skip over things that mention 'in the event of' you know what.... Thanks for the speedy response and replies...