Setting up an inheritance or last will

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Posts 81
Daniel R. Smith | Forum Activity | Posted: Fri, Nov 14 2014 12:40 PM

Hi,

Is there a way, or maybe, as a suggestion, shouldn't there be a way to:

Bequeath my Logos account to somebody when I die? A "last will and testament". 

I got to thinking that over the years, I have invested a great amount of money and time to this program. Lots of resources. Well, if all those resources were hard copies, it would be obvious that they would go somewhere. But what happens if I get killed, along with my immediate family, in a car crash today, and nobody knows of my account? That would be a sad thing. 

I think it would be a great thing to set something up within Logos to facilitate the transfer of one's account when that time comes. 

I'm not sure how this would work.

Any suggestions? Thoughts?

Blessings.

May the Lord bless you and keep you.

Posts 2038
Unix | Forum Activity | Replied: Fri, Nov 14 2014 12:47 PM

In the will You need to decide to whom the library should be transferred. You can either trust a private person to take care of this (cheapest solution) or a lawyer (I expect this to be very expensive) or perhaps some funeral office (should be cheaper than a lawyer).
(Personally, I don't currently have anyone to whom to give my library.)

Aply!
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Matthew C Jones | Forum Activity | Replied: Fri, Nov 14 2014 12:58 PM

Daniel R. Smith:
I think it would be a great thing to set something up within Logos to facilitate the transfer of one's account when that time comes. 
 

How about in our Logos account page?

I presently have a lawyer-prepared will that stipulates what to do with my Logos library. I would prefer to have that option in my Logos account page.

Logos 7 Collectors Edition

Posts 2544
Beloved Amodeo | Forum Activity | Replied: Fri, Nov 14 2014 5:58 PM

Daniel R. Smith:

Is there a way, or maybe, as a suggestion, shouldn't there be a way to:

Bequeath my Logos account to somebody when I die? A "last will and testament".

It's interesting I just today put this question to my favorite sales rep., he informed me that if I transfer while I am still living there is a nominal fee to stipulate he quoted $30, but stated he wasn't sure of this. The other alternative he mentioned was a will which transferred ownership without a fee.

I ran this by my sister who is an atty she told me a will is unnecessary and a simple letter stating my intentions would suffice she advised me to find out what the process would be as far as Faithlife would be. In other words how would the heir establish ownership. I will clarify this with my rep or someone in customer service tomorrow. Then I will put it with my important papers in an unlocked fireproof strong box for my son to inherit upon my passing. 

Meanwhile, Jesus kept on growing wiser and more mature, and in favor with God and his fellow man.

International Standard Version. (2011). (Lk 2:52). Yorba Linda, CA: ISV Foundation.

Posts 3942
abondservant | Forum Activity | Replied: Fri, Nov 14 2014 6:04 PM

My best friend knows my logos email, and could guess my password. He has instructions on what to do with it in the event of my passing. 

1. remove my credit card.
2. set up a meeting with the dean of students at the local bible college
3. select a student destined for ministry who would most benefit.
4. change my login credentials to reflect the new owners preference.
5. help him install Logos on his computer should he need it. 

I had someone else in mind, but I don't think that is going to happen. My best friend knows what I want though, and that will suffice. I know he's going to give preference to handicapped individuals, and I'm ok with that as well. He's handicapped himself. 

L2 lvl4, L3 Scholars, L4 Scholars, L5 Platinum,  L6 Collectors. L7 Baptist Portfolio. L8 Baptist Platinum.

Posts 3942
abondservant | Forum Activity | Replied: Fri, Nov 14 2014 6:06 PM

However for americans that should wish to have a will, but don't. My parents, and my grandmother used Legalzoom. 

My grandmother set up a trust about a decade before she passed away. 

My parents have something a lot simpler. I don't know my grandmothers costs, but for my parents it was somewhere in the neighborhood of 30$ to have a will that covers all of their wishes drawn up. 


L2 lvl4, L3 Scholars, L4 Scholars, L5 Platinum,  L6 Collectors. L7 Baptist Portfolio. L8 Baptist Platinum.

Posts 1281
toughski | Forum Activity | Replied: Sat, Nov 15 2014 1:43 AM

The answer to OP is outside of Logos' purview. It is a legal question and not just country-specific, but even state specific. Your best bet would be to consult your attorney (and definitely NOT a Faithlife salesperson). You can also find an online legal document firm that can provide state-specific Will template for you to fill out.

Posts 81
Daniel R. Smith | Forum Activity | Replied: Sat, Nov 15 2014 6:16 AM

Some good thoughts and suggestions.

I was originally thinking of Faithlife setting something up, if they could. However, I understand if that's not possible.

It's just been on my mind or heart that Logos is the most precious thing I own that I can pass down. Whether it goes to a family member or an unknown student wouldn't matter so much as it gets used and God's word is studied and applied. 

I wonder how much digital property is lost after death. It's a shame really. We see Estate sales all  the time, and physical property either being inherited or sold. But what happens to the digital properties? I guess it's just something for individuals to be self-educated about.

Thanks everybody!

May the Lord bless you and keep you.

Posts 2544
Beloved Amodeo | Forum Activity | Replied: Sat, Nov 15 2014 9:02 AM

I spoke with customer support regarding this issue and my sister was correct. Faithlife will accept a copy of a letter stating your end of life intentions and either a copy of your death certificate or your obituary. 

The sales rep  was correct regarding the options a living transfer requires a fee of $20, while the end of life option the fee is waived. The good customer service rep is sending me an email outlining the requirements to be met to fulfill the information required of both the person authorizing the transfer and the recipient I would be happy to post this once I receive it.

Meanwhile, Jesus kept on growing wiser and more mature, and in favor with God and his fellow man.

International Standard Version. (2011). (Lk 2:52). Yorba Linda, CA: ISV Foundation.

Posts 2544
Beloved Amodeo | Forum Activity | Replied: Sat, Nov 15 2014 9:08 AM

Below I attach the email I received:

Thank you for contacting us.

Logos Licenses can be transferred from one user to another. The transfer fee is $20, payable by either party before the transfer can be performed. We waive the license transfer fee in the event of a death. For legality’s sake, we need a few things in writing (or email) from the person to whom the software is currently registered. Please provide the following information:

·         The name and contact information of the current user:

·         The name and contact information (address, phone and email) of the recipient:

·         The Order number(s), product name(s) or Serial Number(s) being transferred:

Note: Licenses can only be transferred individually if they were sold individually, meaning if the book being transferred was sold as part of a larger package (e.g. “Scholar’s Library), the entire package will be transferred. Once transferred, items may not be transferred again. 


If you email me this information, along with your phone number, I will be able to handle your request.
Please let me know if you have any questions.


Sincerely,

XXXXX

Meanwhile, Jesus kept on growing wiser and more mature, and in favor with God and his fellow man.

International Standard Version. (2011). (Lk 2:52). Yorba Linda, CA: ISV Foundation.

Posts 2766
Erwin Stull, Sr. | Forum Activity | Replied: Sat, Nov 15 2014 9:10 AM

There was also a discussion of this way back (maybe in the L4 days), but I could not find it. Maybe someone who knows will post the link for reference.

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