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Does anyone here have any info or have done some estate planning regarding intellectual property & royalty transfer to their heirs after death? I read that its better to prepare since the taxes can get expensive and would put a burden on recipients if done incorrectly
would like to understand the process, costs, and what type of accountant/lawyer to contact for these matters…thanks
and just to confirm, post 1978 works have a copyright duration of the authors lifespan + 70 years after death, is that correct?
We have an LLC and set up a trust. MichealL would be the guy to know. Maybe he will weigh in.
Are you in the US?
I recommend that you consult a qualified attorney in your state. I sent you PM with general answers to your questions.
Hi MichaelL, what kind of an attorney would handle these cases ? thanks
Hi Musicmatters,
It really depends on the size and complexity of your estate. If you have significant assets you should consider an attorney who specializes in estate planning. The same would apply if you have complicated needs with respect to your beneficiaries.Ok, thanks for your reply MichaelL
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