Last week we started our examination of trusts in the author estate plan with a discussion of the four steps for selecting the right trustee. Today we’ll take a look at how to divide your copyrights and other intellectual property within the trust itself. Dividing your copyrights among your heirs essentially boils down to two different – but equally important – questions: Who you want to benefit from the copyrights after your death? and Who do you want in charge of managing the copyrights after you’re gone? Many authors consider question #1, but fewer pay attention to #2 – even
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