Two Creative Certainties: Death [PART 1/2]
Before the recent birth of my second child, my wife and I were preparing for this new life coming into the world by ensuring that our kids would be financially secure upon both of our deaths. While we’re only in our late-30s, it’s difficult to consider both of us dying unexpectedly in the near future. And yet, we have had close friends who were about our age pass away suddenly this last year, so we know it can happen.
When setting up a will or trust for your next of kin, there are a lot of assets that are easily included in these documents. Houses, investments, retirement accounts, and bank accounts. However, there is one thing a creative person needs to consider when planning for their death: what happens to the rights to their creative works? If you traditionally publish, some of these details may be already covered in your contract. If you self-publish, now might be the time to think about...