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  #31   Report Bad Post  
Old 04-13-2017, 12:00 PM
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timelady timelady is offline
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Re: Your legacy? Wills and such

Thanks for that Katherine, I need to look it up.

March was Make a Will month with a charity here too (Amnesty Int'l I think) where you could go to select solicitors and have it done for free. My dearest friend died last May and I keep meaning to rewrite mine, as he was the main beneficiary. Another friend lost both her parents at once last year in a horrible accident.

What I have learned from this: don't just say what you want to the rightpeople. PUT IT IN WRITING. Handling the probate after a death is never simple, even if we think it will be.

Darkflights, this sentence isn't correct: " I'm planning on leaving all intellectual property to my partner, and physical works with my agent to sell/licence." If in fact you want your agent to license then they will need rights assigned from the person who has inherited the intellectual property. Leaving physical works only gives them the right to resell the physical work. You may need to make sure that's written up properly in your will - giving your agent intellectual property as well. (OR designating your desire for your partner to give license, which they may or may decide to do)

Other things to look into if you haven't: pension proceeds (if you have no partner/family). And having all your paperwork in a sensible place, or at least all in one place however chaotic the pile, for things like someone to do your final tax return.

It's been a hard year, but I've learned a lot.

Tina.
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Old 04-13-2017, 01:32 PM
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Azure Wings Azure Wings is offline
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Re: Your legacy? Wills and such

Tina, I'm very sorry your best friend passed away.

I keep meaning to take care of all this — a couple of years ago I got a booklet with a form to follow to get me started, but I haven't gotten to it yet. My (younger) brother just went through a health crisis in the last week and a half, and fortunately survived. It's his children that I would be leaving everything to... and a reminder that it's necessary to get this taken care of.

With thanks for the reminders here, and wishing you all much good luck in getting your papers worked out,
Karen
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Old 05-30-2017, 05:36 PM
DarkFlights DarkFlights is offline
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Re: Your legacy? Wills and such

@timelady; Thanks for the clarification. I've just checked my copy of the will, and I've left everything to my partner so he gets IP rights then. Which is how I now want it, and that will do for me. And a couple I know will get everything, including IP, if he dies before me, or within 28 of my death. So it's all sorted out.
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Old 02-09-2018, 05:21 AM
s_jackson s_jackson is offline
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Re: Your legacy? Wills and such

This is interesting as my paintings are more valued by my friends than family!I should start thinking about who inherits my art now
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