A Primer on Estate Planning as a Writer – by Leonard D. Duboff and Sarah J. Tugman…

on Jane Friedman site:

Awareness of estate planning issues can be especially important to writers because of the unique nature of property rights in written works. Proper planning ensures that the ownership of a writer’s works after his or her death will end up in safe and knowledgeable hands.

In addition to giving the writer significant posthumous control over his or her works, an estate plan can greatly reduce the overall amount of estate tax paid at death. Because valuations of written works for estate tax purposes are not precise, estate taxes may turn out to be significantly higher than might have been anticipated. Thus, it is very important for writers to reduce their taxable estate as much as possible.

Continue reading HERE

Advertisements

One thought on “A Primer on Estate Planning as a Writer – by Leonard D. Duboff and Sarah J. Tugman…

  1. For someone whose books bring in thousands of dollars, this is great advice. I worry that I won’t be around to finish my books. I want to leave that task to someone who understands where I’m going with them and will do all s/he can to ensure that the bookc are published.

    We writers certainly are strange animals.

    Liked by 1 person

DON'T BE SHY - LEAVE A REPLY

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.