Estate Planning for Copyrights

Implementing an estate plan for people with interest in artistic works requires estate planning attorneys to consider various strategies to protect the value of an artist’s creations during life and after death. This advice holds no true no matter if a person is an artist of literary works, paintings, music, architecture, or other creations. Understanding copyright law and how to implement it into a person’s estate plan is just one of these many important considerations. The Importance of Proper Registration Since 1978, copyright has come into existence for works that are original and made in any medium of expression. Enforcing a copyright, however, is dependent on registration with the United States Copyright Office. People who are interested in transferring interest in a copyright can do so in one of several ways. Failure to properly register your trademark will likely result in ownership of the mark being lost even before your passing. Keeping All Important Paperwork Centralized After registering a copyright, an estate planning attorney can work with the mark’s creator to make sure that all documents about the work are located in one central place. With sufficient registration, copyright owners can also make sure that they collect statutory damages and [...]