In today’s Journal
* A Great Comment on Estate Planning for Writers
* Of Interest
A Great Comment on Estate Planning for Writers
This was important enough to spread the word through a new edition of the Journal.
I’ve been keeping up with comments on Dean’s post from a few days ago on “Copyright Valuation.”
One great comment was from C.E. Petit, whom I believe is an IP attorney. C.E. writes in part,
“One other very important note (this is general advice, not legal advice…):
“Don’t be Andre Norton.
“If you set up an IP holding entity …, be complete and consistent.
“Don’t put things in your personal estate plan that you transferred to the corporation; and don’t treat as business-entity assets things that need to be in your personal estate plan ….
“Ensure that there’s a formal succession plan for the business entity’s management in the business entity’s papers …, and specifically defer to that plan in your personal estate plan. …
“Ensure that there is a very specific clause in your will … regarding how the ownership of the business entity will be distributed, and if there are specific income bequests … that what you put in your will is also reflected in the business entity’s records.
“Have that lawyer read both the probate plan and the business entity records to make sure that the language used is both internally consistent and follows governing law. ….
“Perhaps most important of all, get good clear instructions on what to do with the recordkeeping for new works that you prepare after the date on which you execute your estate plan.”
You can read the entire comment and several others, including Dean’s responses, at https://deanwesleysmith.com/copyright-valuation-a-sort-of-rant/#comments.
Talk with you again soon.
Of Interest
See “The Man of Your Dreams For $300” at https://www.thepassivevoice.com/the-man-of-your-dreams-for-300/.
The Numbers
The Journal…………………………………… 290 words
Writing of Wes Crowley: Deputy US Marshal 2 (WCG9SF4)
Day 1…… 3231 words. Total words to date…… 3231
Day 2…… 2990 words. Total words to date…… 6221
Day 3…… 1805 words. Total words to date…… 8026
Day 4…… 2025 words. Total words to date…… 10051
Day 5…… 1451 words. Total words to date…… 11502
Total fiction words for March……… 1451
Total fiction words for 2023………… 54275
Total nonfiction words for March… 7800
Total nonfiction words for the year…… 49130
Total words for the year (fiction and this blog)…… 103405
Calendar Year 2023 Novels to Date…………………… 1
Calendar Year 2023 Novellas to Date……………… 0
Calendar Year 2023 Short Stories to Date… 0
Novels (since Oct 19, 2014)…………………………………… 72
Novellas (since Nov 1, 2015)………………………………… 9
Short stories (since Apr 15, 2014)………………… 217
Short story collections……………………………………………… 31
Disclaimer: Because It Makes Sense, I preach trusting your characters to tell the story that they, not you, are living. See My Best Advice for Fiction Writers at https://hestanbrough.com/wp-content/uploads/2022/12/My-Best-Advice-for-Fiction-Writers.pdf.