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Originally Posted by vetiver
Some online pros have 50% or more of their net worth in online poker accounts. If you die and leave a will saying "all of my assets go to xyz", could xyz just send FTP or Stars your death certificate and proof that they are your beneficiary? Or are your funds locked up forever? Interested to see if sites have a policy on this and whether they've ever been exercised.
If you die, and your beneficiaries provide appropriate proof, I know that PokerStars will comply with your wishes.
I am aware that some people have already registered their wishes with PokerStars.
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Originally Posted by Lawstudent101
ROFL, you're such an idiot. "Beneficiary"? you think people's last will and testaments apply to online poker accounts?
Yes, of course the law applies to these sites. People have wills and die outside the USA too.
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Dude, these are rogue sites.
No they're not. They all operate legally under the laws of the country they operate in.
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They are under no obligations to comply with ANY legal authority as far as I'm concerned.
You're just plain wrong here, and I don't understand why your arbitrary decision about which legal authorities they obey has any meaning.
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*MAYBE* the isle of man. And god knows what kinda system they have.
They have a legal system and parliament that predates the USA's.
[QUOTE=vetiver;5950870I just wondered if either of the major sites have a policy on this as they're dealing with substantial amounts of money in individual accounts and at some point, if it hasn't already, the issue will arise.[/QUOTE]
If you're concerned about this, write to
support@PokerStars.com and let them know what you want done with your money in the event of your death.
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Originally Posted by smartalecc5
I would suggest maybe keeping your passwords in a very safe spot (maybe like safety deposit box?) so If something were to happen your beneficiarys would be able to withdraw all the money and have possession of it.
Please don't do this. Allowing other people to access your account for the purpose of withdrawing money is never going to end happily.
If you are concerned about this, I suggest that you include in your will/safety deposit box a reminder that your heirs should contact the poker site(s) concerned.
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Originally Posted by Lawstudent101
This is great advice. Think of your poker account as a private locker with money in it. When you die, you'd want someone to have the combo to the locker right? Boom, put it in your last will and testament.
No, it is not great advice.
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If you want it to go to your estate, then leave the locker combo to the executor of your estate, and all the funds will be withdrawn and sent to your estate. Hope this helps, sorry for acting lame, I'm young and full of legal knowledge. I apologize.
I don't think that advocating a breach of an agreement is great legal advice.
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Originally Posted by RikaKazak
My will clearly states that my wife gets my poker monies...(yes I know there is no jursidiction, but I'm 100% sure stars will be "cool enough" to send my wife my money after proof of my death....say death certificate and copy of obituary)
Wills (and the legal arrangements that go along with them) apply outside the USA, so there is no reason for jurisdiction to end at the shore.
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Originally Posted by Lawstudent101
Sigh, you didn't listen to me did you my edonkaclious? You MUST edit your last will and testament and include your username/password. Make sense? This way your account will be accessible to your wife in the event of your demise.
No, just get them to contact support at the relevant site.
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Why do I even offer free legal advice to you muppets? Sigh
Because no one would pay for it.