2/ What happens to you?

After death you must wait 3 weeks before being able to rejoin as a playing character. During the "death wait", the only darkness ability available will be to view CPs. After three weeks when you login to darkness or the member's page a 'change name' box will prompt to select a new name. The name of a dead character will not be able to be used again; thus a new character name will have to be used.

2.1/ What happens to your assets?

When a character dies all accompanying items, weapons & droids with them, drop to the ground at that position. After 24 hours the server checks to see if any NPCs have picked up the objects; if not, they remain until an NPC does.
A random number of NPC-salvaged items/weapons/droids will go to the market.
Anything assigned to someone else will become the property of the assignee.
Items/weapons/droids housed or stored in a facility become the property of the owner.
Any credits will drop to the ground in a 'credit pouch' and the same process as for dropped items/weapons/droids is applied.
NPCs supervised by someone go to the supervisor.
NPCs with None as supervisor but managed by someone go to the manager.
Any NPCs not supervised or managed who are on the ground are freed, the remaining ones are deleted.
If a character dies from a weapon attack (blaster, lightsaber, vibro knife, etc.) then a random number of items are considered damaged and become deleted from the database.
If a character dies in an explosion or exiting hyperspace then everything is destroyed.
Ships and vehicles assigned to the dead character remain the property of the owners and will remain in their last position.
Facilities commanded and piloted by None or the dead character become NPC-owned.
Ships, vehicles, stations, facilities piloted by someone go to the pilot.
Ships, vehicles, stations, facilities with None as pilot but commanded by someone or a faction go to the commander or commanding faction.
Ships and vehicles without commander and pilot but inside an entity (other ship, station, facility, vehicle), go to the owner of that entity.
Remaining ships, vehicles, and stations, piloted by None or the character and commanded by None or the character go to the market.
If a Faction Leader dies the Faction leadership will be transferred over to the Faction 2nd In Command (XO). If there is no XO, it is then transferred to the faction member who has the next highest privileges rating. If there is more than one person with the most privileges, then one is randomly selected.
If a Faction Owner dies then his Faction ownership (or stocks) will be given over to the Faction Leader.
Cities owned by the player become NPC-owned
Materials owned by the player go to the owner of the entity they exist in