Estate & Asset Protection Planning for Entertainers
Preservation of Your Intellectual Property in Your Estate Plans
As part of a comprehensive Estate and Asset Protection plan, specialized assets such as trademarks, copy rights, rights of publicity, intellectual property valuations, estate tax, and post-mortem administration of I.P must be handled correctly. For song writers, singers, authors, actors, hosts, producers, athletes, magicians, and comedians, estate and asset protection can be complex and confusing without assistance from and experienced attorney.
The creator of an original work may be protected by copyright, which is a legal right that grants exclusive rights to its use and distribution. This is usually for a limited time, sometimes terminable by statutory heirs, with the intention of enabling the creator to receive compensation for their intellectual effort. These original works may include books and other published materials, musical compositions, lyrics, film, television, radio, theatre, software, sound recordings, graphics, photos, and fine arts.
Trademarks, Service Marks and Slogans
When a business entity is created, there are certain recognizable signs, designs, or expressions which may be used to identify products or services of that business, and can be extremely valuable assets.
Right of Publicity
An individual’s name, likeness, or image can be an asset in trade. The right of publicity prevents the unauthorized commercial use of an individual’s name, likeness, or image, and gives a person the exclusive right to license the use of their identity for commercial promotion. Publicity rights associated with the commercial value of an individual’s name, image, or voice may continue after that person passes on and the estate should retain control and license use of those figures’ names, likenesses, etc.
Personalized, Experienced Service
At the Law Offices of David A. Straus, we help our clients create proper, customized trusts in Nevada that are best for their unique circumstances, including protecting their intellectual property portfolio and intellectual property rights as part of their legacy.
I, attorney David A. Straus, personally draft all trusts in each of our client’s estate plans. I have over twenty-five years of experience as an estate planning attorney in Las Vegas.