Estate Planning for Intellectual Property Rights

By: Alison Arden Besunder, Esq.

A client’s estate may contain many intangible intellectual property rights, such as trademarks, copyrights, and patents. This is more common when planning for the “creative” client such as an entertainer, musician, songwriter, or athlete. It can be of great benefit to you and your clients to develop your knowledge of how these assets are transferred. This article will briefly identify some of the issues involving intellectual property rights and steps you and your clients can and should take to protect those assets. You will find that intellectual property assets can be lurking everywhere once you know where to look for them.

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