If you do not have a living trust (highly unlikely anyone would hold an offshore betting account in the name of a trust anyway), it is probated along with everything else. The heir(s) should report the asset (offshore account) in the estate inventory list, and the probate court will eventually issue an order allowing the heir(s) legal title to the asset (offshore account). Now whether a Costa Rican corp. will recognize the Order as bona fide (legit) is another question, but I would think most would be accomodating under the circumstances.
If nobody is aware of the asset, your heirs are SOL. If in the U.S. the asset will eventually escheat to the State (state rips it off) after "reasonable" attempts to locate heirs are made. If the asset is offshore, well, I don't think there is anyone who can't figure out what will happen in that situation. Call it christmas party money for the offshore sports books.
If nobody is aware of the asset, your heirs are SOL. If in the U.S. the asset will eventually escheat to the State (state rips it off) after "reasonable" attempts to locate heirs are made. If the asset is offshore, well, I don't think there is anyone who can't figure out what will happen in that situation. Call it christmas party money for the offshore sports books.
This question has been brought up several times in the past....
I wonder how many books have a policy on this scenario if a wife called with no password and said that her husband died, and how they would handle it? Maybe Slim could answer that one.
Plus a lot of players don't want anyone knowing their gambling business even within their family, (wife or girlfriend) probably best to have a note hidden somewhere with instructions.
I wonder how many books have a policy on this scenario if a wife called with no password and said that her husband died, and how they would handle it? Maybe Slim could answer that one.
Plus a lot of players don't want anyone knowing their gambling business even within their family, (wife or girlfriend) probably best to have a note hidden somewhere with instructions.
I have a friend who I trust with my life that has all my acct #s and passwords, including Neteller. He withdraws all the cheese to Neteller and then to bank acct. LT
:money8: After she gets the cheese she gets a young man to take my place with me in an urn sitting next to the bed.:monsters-
:money8: After she gets the cheese she gets a young man to take my place with me in an urn sitting next to the bed.:monsters-
Coach, that's funny. You trust your friend more than your wife? Is he the one that will be in charge of keeping her happy once you're gone?Coach LT said:I have a friend who I trust with my life that has all my acct #s and passwords, including Neteller. He withdraws all the cheese to Neteller and then to bank acct. LT
Probably a good idea to maintain a list of sportsbook accounts and passwords in a very safe place (possibly a safe deposit at a bank) so if (when) you croak your survivors can access your money.
I tend toward a paranoid manner of thinking sometimes, especially regarding online betting and would consider encrypting the data before placing in the safe deposit box. Then the problem of where to store the password needs to be considered.. Maybe store the password in a safe deposit box of one bank while storing the actual encrypted account data in another safe deposit box at another bank. But then, that really is in most all cases total overkill. But it depends on the amounts of money we're talking about and the level of paranoia you have!
I tend toward a paranoid manner of thinking sometimes, especially regarding online betting and would consider encrypting the data before placing in the safe deposit box. Then the problem of where to store the password needs to be considered.. Maybe store the password in a safe deposit box of one bank while storing the actual encrypted account data in another safe deposit box at another bank. But then, that really is in most all cases total overkill. But it depends on the amounts of money we're talking about and the level of paranoia you have!
