How to Leave a Website As An Inheritance – Why I Definitely Plan On Doing This When I Get Older
How to leave a website as an inheritance? Leaving behind a website for your next of Kin is something that I feel would be very interesting and funny. It also could be a legitimate way of transferring assets over to the next generation without incurring estate taxes on them, via a Will or a Revocable Trust (or even just a piece of loose leaf with a password on it….we’ll talk about that later.)
I am a website entrepreneur, and though I am one that has had to build up from scratch again, so my sites are only making something in the range of $100 a month right now, we are building and scaling endlessly. I am currently without power in a Hurricane right now, so I am using this time to write something to the tune of 100 brand new blog posts that will go up on the website within the next week or so. That will increase our total amount of content by 20% in a matter of a week, which is one heck of a bulk content posting!
My point is, this $100 per month will most definitely turn into $500 a month, $1,000 a month, and $2,000 to $5,000 per month over time. I will then use the cash flow from this site to start acquiring blogs, and to start building up a massive portfolio of websites. Then once I have a large portfolio of websites, I can make one site really huge, and I can build an SEO empire!
Getting ahead of myself there, but my point is by the time I’m like 85 and I am about to meet my maker, I should definitely have some websites under management. Maybe I forget to include these in my assets until the very last minute, or maybe I include them in a Revocable Trust that helps the property get passed out by my lawyer.
What Options Do I have If I Want to Leave a Website As an Inheritance For My Next of Kin?
The best option is to list the website into a Revocable Trust. You can also sell the website and just earmark the money for them in your Will or Revocable Trust. But if you want to give it to your 21 year old grandson who is a tech geek because you believe he can scale the website, and you want to see if he can ride out the $5,000 per month cash flow for like 60 years, earning nearly $4,000,000.00 along the way, it may be worth it to leave him the actual website. Here are the best options:
- List it in a revocable trust – This will earmark the website and will ensure it passed through as cheaply as possible without being in the probate courts.
- List it in your will – This will earmark the website to your own custom specifications. However this will get stuck in probate once you pass away.
For emergencies, like if you have 2 days to live and you forgot you have this website that has been cash flowing, leave the website and the domain hosting passwords on a flash drive, or on a Napkin and tell your family where you put it and leave them instructions explaining what it is and how to log in. Personally I would love to get an inheritance gift like this, but I am a web entrepreneur so I am a completely different animal.
How to Leave a Website As An Inheritance – Important Rules to Think About
You may also want to leave instructions behind, whichever route you choose to go with this, for what breadcrumbs you left behind for them to scale up on, the same way you would leave these for anyone buying the website. For instance, you could say:
-Website uses Google Adsense to generate revenue, switch to Ezoic or Mediavine for 3-4x the amount of earnings.
-Old content has not been updated in over 2 years, update all old content and SurferSEO optimize it for a massive traffic boost.
-Improve Core Web Vitals and LCP for a good rankings boost.
-Post the new content written on the flash drive with the assigned keywords on another schedule for a traffic boost.
The list goes on and on. Leaving a website is a cool way to gift someone something legitimate last minute if you forget to include it in your will etc. But you may want to leave the beneficiary instructions that they will want to bring to Probate Court with them to make the transfer of assets legitimate.
And there you have it! I assume you are a website entrepreneur if you are reading this blog post? Have you ever assigned or plan to assign a website as an inheritance for someone? Comment down below and let us know!
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