Copyright inheritance question

Home Forums Copyright Questions Copyright inheritance question

Viewing 9 posts - 1 through 9 (of 9 total)
  • Author
    Posts
  • #37762 Reply
    boinkeee2000
    Participant

    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?

    #37764 Reply
    Art Munson
    Keymaster

    We have an LLC and set up a trust. MichealL would be the guy to know. Maybe he will weigh in.

    #37765 Reply
    boinkeee2000
    Participant

    I see, thanks art…you think having an LLC is a better route to take?

    #37771 Reply
    MichaelL
    Participant

    Are you in the US?

    #37772 Reply
    boinkeee2000
    Participant

    Hello Michael, yes

    #37775 Reply
    MichaelL
    Participant

    I recommend that you consult a qualified attorney in your state. I sent you PM with general answers to your questions.

    #37778 Reply
    Musicmatters
    Participant

    Hi MichaelL, what kind of an attorney would handle these cases ? thanks

    #37779 Reply
    MichaelL
    Participant

    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.

    #37781 Reply
    Musicmatters
    Participant

    Ok, thanks for your reply MichaelL

Viewing 9 posts - 1 through 9 (of 9 total)
Reply To: Copyright inheritance question
Your information: