Login or Register
Welcome , Settings |  Logout

Digital Collections Likely to Disappear at Death

Saturday, 25 Aug 2012 11:07 PM

By Todd Beamon

Share:
More . . .
A    A   |
   Email Us   |
   Print   |
If you’re building up a collection of digital books or music in the hope that you can pass it on to your loved ones, think again, experts say.

Bequeathing iTunes and Kindle libraries would be much more complicated than, say, passing on 10,000 hardcover books, CDs or vinyl records, they believe.

“I find it hard to imagine a situation where a family would be OK with losing a collection of 10,000 books and songs,” Evan Carroll, co-author of “Your Digital Afterlife,” tells MarketWatch.com. “Legally dividing one account among several heirs would also be extremely difficult.”

The primary problem is that with digital content, one doesn’t have the same rights as with print books and CDs. Customers own a license to use the digital files, even though they don’t actually own them.

Apple and Amazon grant “nontransferable” rights to use content. As such,  you buy the complete works of the Beatles on iTunes, but you cannot give the “White Album” to your son or “Abbey Road” to your daughter, MarketWatch reports.

“You do not acquire any ownership rights in the software or music content,” Amazon’s terms of use says. Apple limits the use of digital files to Apple devices used by the account holder.

“That account is an asset and something of value,” Deirdre R. Wheatley-Liss, an estate-planning attorney in Parsippany, N.J., tells MarketWatch.

But can it be passed on to one’s heirs?

Most digital content exists in a legal black hole. “The law is light years away from catching up with the types of assets we have in the 21st Century,” Wheatley-Liss tells MarketWatch.

In recent years, states including Connecticut, Rhode Island, Indiana, Oklahoma and Idaho have passed laws to allow executors and relatives access to email and social networking accounts of those who’ve died, but the regulations do not cover the digital files purchased, according to MarketWatch.

Apple and Amazon did not respond to requests for comment.


© 2013 Newsmax. All rights reserved.

Share:
More . . .
   Email Us   |
   Print   |
Around the Web
Join the Newsmax community.
Register to share your comments with the community. Already a member? Login
Note: Comments from readers do not necessarily reflect the viewpoint of Newsmax Media. While we attempt to review comments, if you see an inappropriate comment you can block it by rolling over the comment, clicking the down arrow and selecting "Flag As Inappropriate."
blog comments powered by Disqus
 
Email:
Country
Zip Code:
 
Hot Topics
Top Stories
Around the Web
You May Also Like

NASA Head Views Progress on Asteroid Lasso Mission

Thursday, 23 May 2013 15:14 PM

The head of NASA is visiting the Jet Propulsion Laboratory where engineers are working on a proposed mission to lasso a  . . .

Google to Ad Galapagos Islands to Street View

Thursday, 23 May 2013 13:11 PM

Few have explored the remote volcanic islands of the Galapagos archipelago, an otherworldly landscape inhabited by the w . . .

Environmentalists Debunk 'Myth' About High Costs of Nuclear Power

Thursday, 23 May 2013 12:29 PM

Nuclear energy is more economical than solar energy, say environmentalists Ted Nordhaus and Michael Shellenberger in an  . . .

 
 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved