Have you nominated for your Online Profile and Digital Assets?
Have you nominated for your Online Profile and Digital Assets?
September 23rd, 2021
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After having worked for more than 35 years in Banking Industry, I know the importance of Nominations in Bank Accounts so that the balances in your saving account, fixed deposit account or articles kept in Lockers and Safe Custody are handed over to the nominated persons as per your mandate given at the time of opening of account or even if it is changed by you thereafter.
When I stated my blogging journey after my retirement from my banking service in April,2012 , I developed a taste for blogging as I found this platform as a good media to share my knowledge with the public in general. I used to make profiles and forget the profile and password as well. This was a big problem to keep track of all your activities on the web through owned profiles. For any online shopping, comments to articles or publishing articles under your own authorship verified by Google. I used to think as to what will happen to my forgotten abandoned profiles. I tried searching on the internet but could not find any satisfactory reply. I used to read Google Help for long hours and on slightest doubt I used to send my feedback. After learning ways and means to earn money online out and pursuing my hobby for writing and sharing my experience I did not find it difficult to get verified as an established Author subject to fulfilling the following criteria:
- Never hidden my real identity. Proved real identity to Google’s satisfaction through submission of ID, Address Proof and owning each and every word, sentence, paragraph or article created by me any where on the web. One can check track of all my activities on the web through my Google+ profile alone.
- Ultimately Google Adsense, keeping in view my clean record, approved me as a publisher for their one of the most popular and premium advertising media for its AdWords customers from across the globe. I had to pass through stringent quality control measures for such publishers and Google verified my Mobile Number, Landline Number and exact location of my work through Satellite and Google Maps.
- Finally Web Question Answers Rajpura found a place in Google Maps Business Listings.
What is the purpose of writing this entire story?
I firmly believe that when you are reading this story, first of all you need to be convinced that whatever has been communicated above is cent per cent truth so that you can afford to continue with the very subject matter of the topic if You have Nominated for your Online Profile and Digital Assets or not in the same manner as individuals nominate for their Bank Accounts, Insurance Policies, Demat Accounts, Will in case of properties, Provident Fund accounts as lacs of crores of rupees remain lying with Banks, Insurance Companies, EPF organizations, mutual funds, unclaimed dividend and fixed deposit with big corporate entities, due to unavailability of information about legal heirs. In the absence of nominations I have seen the legal heirs going from pillar to post to claim the amounts belonging to deceased nears and dears and forefathers.
The above scene dates back to an era of manual keeping of accounts by the above organizations and now when the whole transition from manual account keeping to automated accounting system has taken place, the scene has changed altogether. Do you think that the manual records of unclaimed accounts could have been preserved by the organizations when there were no KYC guidelines in vogue? Inactive accounts are similar to unused articles lying dumped in the house and while selling the unused scrap no household will ever like to scan the dumped materials. In countries like India there is an urgent need of Central Regulatory Authority to deal with such unclaimed or inactive accounts and such assets should be treated as National Assets managed by Central Regulatory Authority of India to be named as Unclaimed Assets Regulatory Authority of India, which may invest these assets under framed laws for the authority so as to protect the interests of the claimants. These assets need not be allowed to remain with Banks, Insurance Companies, EPF organizations or corporate as these assets need to be protected against all market risks and may be utilized for national development instead of borrowing by Govt. of India at higher rates of interests.
What are Digital Assets owned by inactive Online Profiles?
Coming to my online journey for establishing me as an approved Google Adsense Publisher and author at many publishing platforms likes HubPages and India’s top educational site like IndiaStudyChannel, the same question came to my mind that what for I am authoring the articles as in the past, when there were no eBooks or online publishing platforms, the authors used to author books and publishers used to publish their work and the royalty from such published works used to be shared by the publishers and authors. In the present online scenario when the publisher and the author is one and the same person, then during lifetime any income out of advertising gets shared amongst host sites and the publisher-cu-authors. If the sites are self hosted then the whole earnings go to the publisher-cum-authors, who work as affiliates of top advertising media like Google Adsense, Amazon, Linkshare, Adsplay International and other hundreds of advertising networks working globally. To have regular source of income authors-cum-publishers have to make their online profiles connected to their email accounts like Gmail, Facebook Twitter, Blogger, WordPress and other social networks which distribute the writings of such authors-cum-publishers. Though such networks do not share their income with such online publishers-cum-authors, yet they send traffic to the published work of such authors-cum-publishers and it is at the sole discretion of the author to provide a link to share his or her published knowledge articles on social networks. Now the basic question in the topic attracted my attention as we often think about death, especially our own. We start making plans, wills, and nominations as it very important for the legal heirs, successors, we may leave behind. We do not worry much about liabilities as the successors inheriting assets is liable to extinguish the liabilities also, no doubt out of the assets inherited. What bother the individual is the tangible, intangible or digital online assets. I wrote a detailed article about What to do with Inactive Accounts at HubPages – Futuristic Approach and sent the similar Feedback to Google the great in February 2013 to provide the facility of Nomination in their Gmail account settings. In April 2013 the Google introduced Inactive Account Manager where the user has the option to activate the Inactive Account Manager so as to tell the Google as to what to do with Gmail messages and data related to other Google Products and services on account of inactivity in the account for any reason, whatsoever.
The user has the option to either get the data deleted say after a duration of inactivity in the account or to set up trusted contacts to receive data from some or all of the Google services like Blogger, Gmail, Google+ Profiles, Google+ Pages, and YouTube. It is just like making nominations in Google account settings and if the User had inserted his or her owned content in Contributor Links then the trusted contact will have the access to reactivate the contributions through password resets as passwords will be received in the inactive Gmail account accessible by the trusted contact. Google, before taking action on inactive accounts will send text message to the verified and registered mobile of the user, whose account has gone inactive due to any reason including hospitalization, death, insanity or any reason whatsoever.
What are you thinking now, activate the inactive account manager and set up trusted contacts.
Latest update from Author: Acting upon the feedback by the author, the facebook has also introduced the feature to make nominations in your facebook profile so that you get your answer to a million dollar question – “What will happen to my facebook account if I pass away?”. Such account are named as memorialized accounts and this feature is not yet made available in India.
Such memorialized facebook accounts are a place for friends and family to gather and share memories after a person has passed away. Memorialized accounts have the following key features:
- The word Remembering will be shown next to the person’s name on their profile
- Depending on the privacy settings of the account, friends can share memories on the memorialized Timeline.
- Content the person shared (ex: photos, posts) stays on Facebook and is visible to the audience it was shared with.
- Memorialized profiles don’t appear in public spaces such as in suggestions for People You May Know, ads or birthday reminders.
- No one can log into a memorialized account.
- Memorialized accounts that don’t have a legacy contact can’t be changed.
- Groups with an admin whose account was memorialized will be able to select new admins.
- Pages with a sole admin whose account was memorialized will be removed from Facebook if they receive a valid request.
Additionally, your family can ask that your account be removed from Facebook.
As I’m unable to add image to this post, I will try to show you the image in text from…