arabellajones Posted June 27, 2019 Share Posted June 27, 2019 This topic came up in a rather euphemism-laden part of Ebbe Linden's "Meet the Lindens" session on Wednesday, and there seem to be two very obvious things that got missed. I'm writing from experience of being an Executor under English law, which means being the person named to handle the assets of somebody who has died. It wasn't complicated, but these two points are pretty fundamental. My starting point is somebody who has IP assets generating income in Second Life. Every so often, the income accumulates enough to be worth cashing out. But what happens if you die? 1: How does your executor know about it? That's the obvious question. For me, I have made stuff, it sells, but the total income is tiny. It's just not worth bothering about. For other people, if you're paying taxes on your income from SL, and your payments to Linden Lab could be a business expense too, your executor should be able to find out from your business records. The job is all about paying any debts and collecting any monies due. Make it easy for them. 2: And what procedures do Linden Lab have to deal with their side of things? Banks have procedures for this, and some of what Linden Lab do comes under rules applied to banking. Essentially, as an executor, there are documents that prove the person is dead, that he controlled a particular account, and you are the executor, and the bank needs to see them. I suppose Linden Lab would come under California State Law and US Federal Law on this. It is a problem that people have dealt with, and the costs of proving all this, probably hiring an attorney, could make the whole thing not worth the bother. But some people do make enough money to be worth the effort. If I wrote a book, sold it to a publisher, went through all the editing process, saw it go on sale, and then died, my estate would get all the payments due. The publisher would continue to have the right to publish it, that's part of the contract we would have, but there would be a time limit in the contract too. Copyright can last a long time after death, but how long will people want to read it for? I know a little about how books work, and there's a lot of legal history covering this sort of problem. The money gets to the creator, and their heirs. Linden Lab have to be careful, that's part of the law, and there are tens of millions of dollar getting paid out to users, every year, payments other residents make for the right to use IP of all sorts. That's why it surprised me that Ebbe seemed so vague on the topic. (Yes, you could leave details of your username and password for your executor. They could log in, take the L$, and delete the Marketplace store. That wouldn't be lawful.) Link to comment Share on other sites More sharing options...
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