Sportsbook funds after death

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  • msdw1
    SBR High Roller
    • 02-12-08
    • 147

    #1
    Sportsbook funds after death
    I have enough money in my accounts for them to be worthwhile to include in my will. Will my benefactors have any issues getting access to my accounts after I die?
  • Hareeba!
    BARRELED IN @ SBR!
    • 07-01-06
    • 37279

    #2
    I suspect that largely depends on the merit of the books you deal with and whether your executors know of the existence of your accounts and how to access them.
    Comment
    • msdw1
      SBR High Roller
      • 02-12-08
      • 147

      #3
      Originally posted by Hareeba!
      I suspect that largely depends on the merit of the books you deal with and whether your executors know of the existence of your accounts and how to access them.
      If I specify the funds in the will with book names, account numbers, and passwords, then I know they have the info to contact the books. The larger issue is whether the books will comply with my will. I wonder if they would comply if my benefactors showed them my will and account info. Books always state that payouts can only be made in the name of the account holder.

      Maybe it is easier to give my account info to my benefactors and have them impersonate me to get my payouts.
      Comment
      • Hareeba!
        BARRELED IN @ SBR!
        • 07-01-06
        • 37279

        #4
        Originally posted by msdw1
        Maybe it is easier to give my account info to my benefactors and have them impersonate me to get my payouts.
        Certainly the best option.
        I've instructed my family to withdraw all funds immediately and not tell the books of my death or incapacity.
        No need for any complications.
        Comment
        • topgame85
          SBR Posting Legend
          • 03-30-08
          • 12325

          #5
          Don't keep large figures in any book offshore exception being pinnacle if you are a non us player
          Comment
          • ffeafeaaaaaaaaa
            Restricted User
            • 06-12-11
            • 15

            #6
            Dont keep large figures in any book offshore, EVEN if it is pinnacle. If you passed away, leave instructions not to announce your dead and have them withdraw all the funds on your name.

            Finally, enjoy life my friend, it is true what they say... its too short.
            Comment
            • Counterfeit Cash
              SBR Wise Guy
              • 01-03-11
              • 668

              #7
              This is truly a unique topic...
              Comment
              • donjuan
                SBR MVP
                • 08-29-07
                • 3993

                #8
                I have enough money in my accounts for them to be worthwhile to include in my will. Will my benefactors have any issues getting access to my accounts after I die?
                Originally posted by Hareeba!
                I suspect that largely depends on the merit of the books you deal with and whether your executors know of the existence of your accounts and how to access them.
                Further proof that your English comprehension is atrocious.
                Comment
                • Hareeba!
                  BARRELED IN @ SBR!
                  • 07-01-06
                  • 37279

                  #9
                  Originally posted by donjuan
                  Further proof that your English comprehension is atrocious.
                  Too much to hope that you could possibly add anything useful to the discussion I suppose ?
                  Comment
                  • brettels
                    SBR MVP
                    • 11-04-10
                    • 3376

                    #10
                    Withdraw it and bank it just to be safe
                    Comment
                    • Hareeba!
                      BARRELED IN @ SBR!
                      • 07-01-06
                      • 37279

                      #11
                      Originally posted by brettels
                      Withdraw it and bank it just to be safe


                      so how does one continue playing without funds in one's account ?
                      Comment
                      • lukahh
                        SBR Wise Guy
                        • 04-08-10
                        • 941

                        #12
                        this must be extra income for books
                        feels like swiss banks with ww2 money....
                        Comment
                        • brettels
                          SBR MVP
                          • 11-04-10
                          • 3376

                          #13
                          Originally posted by Hareeba!


                          so how does one continue playing without funds in one's account ?
                          starting fresh with a new deposit or maybe for example if this person has 50,000 in the account withdraw 49,000 and keep playing with 1000 left in there either way player is satisfied. what a stupid question. "pardon the pun"
                          Comment
                          • Hareeba!
                            BARRELED IN @ SBR!
                            • 07-01-06
                            • 37279

                            #14
                            Originally posted by brettels
                            starting fresh with a new deposit or maybe for example if this person has 50,000 in the account withdraw 49,000 and keep playing with 1000 left in there either way player is satisfied. what a stupid question. "pardon the pun"
                            I agree that one shouldn't leave more in an account than is required for relatively short term betting needs. But are there really people who leave $50k in an account if $1,000 is all they're likely to be betting in the next fortnight or so?

                            And I'm fortunate in that it doesn't cost me to deposit and withdraw like those poor sods in the US who I can understand would find it far more economic to leave funds with a book than continually be withdrawing and depositing.

                            But all that aside, the problem for a deceased's family/executor is the same whether the balance is $1k or $50k .. only the degree is different.
                            Comment
                            • wtt0315
                              SBR Hall of Famer
                              • 01-18-07
                              • 8037

                              #15
                              dont die is the easiest way
                              Comment
                              • Jontheman
                                SBR High Roller
                                • 09-09-08
                                • 139

                                #16
                                Originally posted by wtt0315
                                dont die is the easiest way
                                ...and now you just need to tell us how you plan to become immortal
                                Comment
                                • GoldenRichards
                                  Restricted User
                                  • 08-31-08
                                  • 314

                                  #17
                                  If there is a lot of money in offshore accounts, it is important to leave detailed instructions on how to withdraw.
                                  Comment
                                  • moneyordoh
                                    SBR High Roller
                                    • 06-20-11
                                    • 119

                                    #18
                                    withdraw the money and leave it in the bank sorted
                                    Comment
                                    • jozomir
                                      SBR High Roller
                                      • 09-22-09
                                      • 237

                                      #19
                                      Don't give your money to banks, they are thieves and bloodsuckers.
                                      Comment
                                      • magynuck
                                        SBR Wise Guy
                                        • 09-17-09
                                        • 891

                                        #20
                                        here is what i do

                                        1. detailed directions on how to access money available to 2 different trusted sources

                                        2. try to keep exposure to offshore market at under 150k
                                        Comment
                                        • Salamander
                                          SBR Sharp
                                          • 12-25-09
                                          • 397

                                          #21
                                          Leave a copy of an SBR complaint form in your will if the books don't respond?
                                          sbr
                                          Comment
                                          • hhsilver
                                            SBR Hall of Famer
                                            • 06-07-07
                                            • 7375

                                            #22
                                            The original question is an important one - and some, though not all, here are treating that way.
                                            I'm surprised I never saw it come up here before. Has anyone ever discussed this with a manager from a book?

                                            Think of all the SBR posters who have disappeared. I imagine some are dead. ( don't forget to leave instructions for your loved ones to spend your points)
                                            Comment
                                            • SBR Lou
                                              BARRELED IN @ SBR!
                                              • 08-02-07
                                              • 37863

                                              #23
                                              Originally posted by hhsilver
                                              The original question is an important one - and some, though not all, here are treating that way. I'm surprised I never saw it come up here before. Has anyone ever discussed this with a manager from a book? Think of all the SBR posters who have disappeared. I imagine some are dead. ( don't forget to leave instructions for your loved ones to spend your points)
                                              It's come up a few times before. I'm sure someone might be able to find it.

                                              A death certificate, proof that you are next of kin should be all that is needed to withdraw the funds. Leaving the details in a will likely expedites the process as well.
                                              Comment
                                              • cloudagh
                                                SBR Sharp
                                                • 04-08-07
                                                • 486

                                                #24
                                                Come on fellas, this is not that hard. You don't leave it in a will and you sure don't tell any bank or sportsbook you are dead NOT until after all the money moves are complete. You never tell the sportsbook squat. Have someone designated to withdraw "as usual" and this matter is resolved.
                                                Comment
                                                • Justin7
                                                  SBR Hall of Famer
                                                  • 07-31-06
                                                  • 8577

                                                  #25
                                                  Originally posted by Lou
                                                  It's come up a few times before. I'm sure someone might be able to find it.

                                                  A death certificate, proof that you are next of kin should be all that is needed to withdraw the funds. Leaving the details in a will likely expedites the process as well.
                                                  Books will pay out with proof of death, and proof that someone is entitled to the money. The trickier part is making sure your family knows about your accounts on your death. You might keep a master list of accounts in a security box at the bank.
                                                  Comment
                                                  • donjuan
                                                    SBR MVP
                                                    • 08-29-07
                                                    • 3993

                                                    #26
                                                    Originally posted by Hareeba!
                                                    Too much to hope that you could possibly add anything useful to the discussion I suppose ?
                                                    Too much to ask that you actually read posts before responding to them, clearly.
                                                    Comment
                                                    • wrongturn
                                                      SBR MVP
                                                      • 06-06-06
                                                      • 2228

                                                      #27
                                                      The death certificate won't work if you use fake names, beards, remote control, etc. So plan ahead.
                                                      Comment
                                                      • Hareeba!
                                                        BARRELED IN @ SBR!
                                                        • 07-01-06
                                                        • 37279

                                                        #28
                                                        Originally posted by cloudagh
                                                        Come on fellas, this is not that hard. You don't leave it in a will and you sure don't tell any bank or sportsbook you are dead NOT until after all the money moves are complete. You never tell the sportsbook squat. Have someone designated to withdraw "as usual" and this matter is resolved.
                                                        Concur 100%

                                                        Specifying account details and logins etc. in your will surely will result in the need for numerous (costly ?) updates to your will as you change passwords, open new accounts, close old ones etc.

                                                        Maintain an up-to-date file of all these details and any specific issues regarding withdrawals from them. Don't forget your e-wallets either.
                                                        Comment
                                                        • Hareeba!
                                                          BARRELED IN @ SBR!
                                                          • 07-01-06
                                                          • 37279

                                                          #29
                                                          Originally posted by donjuan
                                                          Too much to ask that you actually read posts before responding to them, clearly.
                                                          not worth attempting any explanation to you

                                                          just another useless post intended to do nothing more than insult me
                                                          Comment
                                                          • donjuan
                                                            SBR MVP
                                                            • 08-29-07
                                                            • 3993

                                                            #30
                                                            Originally posted by Hareeba!
                                                            not worth attempting any explanation to you

                                                            just another useless post intended to do nothing more than insult me
                                                            It's useful to anyone who is new here who might think you actually know what you're talking about.
                                                            Comment
                                                            • Hareeba!
                                                              BARRELED IN @ SBR!
                                                              • 07-01-06
                                                              • 37279

                                                              #31
                                                              Originally posted by donjuan
                                                              It's useful to anyone who is new here who might think you actually know what you're talking about.
                                                              I hereby invite anyone new here to let me know if there's anything I've posted with which you disagree. I'm only too pleased to have a civil discussion about it.

                                                              Further, please let us know if you've managed to learn anything at all from donjuan.
                                                              Comment
                                                              • sideloaded
                                                                SBR Hall of Famer
                                                                • 08-21-10
                                                                • 7561

                                                                #32
                                                                Originally posted by Hareeba!
                                                                I hereby invite anyone new here to let me know if there's anything I've posted with which you disagree. I'm only too pleased to have a civil discussion about it.

                                                                Further, please let us know if you've managed to learn anything at all from donjuan.
                                                                I know you spam the sh_t out of many threads in this subforum that everyone has to troll through.
                                                                Comment
                                                                • Hareeba!
                                                                  BARRELED IN @ SBR!
                                                                  • 07-01-06
                                                                  • 37279

                                                                  #33
                                                                  Originally posted by sideloaded
                                                                  I know you spam the sh_t out of many threads in this subforum that everyone has to troll through.
                                                                  "spam the sh_t out" ?

                                                                  pretty hard to respond intelligently to that

                                                                  please let me know which of my comments you disagree with
                                                                  Comment
                                                                  • althelegend
                                                                    SBR Wise Guy
                                                                    • 07-28-06
                                                                    • 596

                                                                    #34
                                                                    Live a healthy life style. Retire from gambling and withdraw your funds from all books while you are still in full possession of your faculties. Enjoy retirement. Travel. Spend your money. Do not leave a problem.
                                                                    Comment
                                                                    • bigugly
                                                                      SBR MVP
                                                                      • 01-04-08
                                                                      • 1329

                                                                      #35
                                                                      Originally posted by althelegend
                                                                      Live a healthy life style. Retire from gambling and withdraw your funds from all books while you are still in full possession of your faculties. Enjoy retirement. Travel. Spend your money. Do not leave a problem.
                                                                      Also don't die unexpectedly...

                                                                      Hareeba! is one of the best posters on the forum, and unlike so many he's not a dick.
                                                                      Comment
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