, Forbes; Aretha Franklin’s Estate: Why Copyrights Require Estate Planning.
"The news of the recent resolution of the Aretha Franklin estate is a high profile, and expensive, lesson in how not to manage copyrights in an estate. At least there was what the Court found to be her will, unlike the six yearlong court fight that resolved last year in the Prince estate. You may think that this is only an issue for celebrities, but, with the ease of producing, generating, and creating materials, such as blog posts, YouTube videos, music, art, photographs or eBooks, more and more people are now owners of copyrights. These copyrights should be considered assets and an integral part of the client’s estate. Such planning includes the management and distribution of copyright assets after the copyright owner passes away. Proper estate planning can ensure the protection and transfer of copyright ownership, as well as provide for the financial well-being of heirs and beneficiaries.
Here are some important considerations for estate planning related to copyrights:"
