Hire a good estate attorney and a good music attorney – You do not want to plan a complicated estate on your own, so get competent help.
Create a will – This should be a basic document that details to whom your property should go if it is not covered elsewhere in your estate plan.
Consider getting a trust – This can be used to keep your estate out of the public eye and as a vehicle for managing your assets after you pass away.
Get Powers of Attorney – These documents will allow a trusted person to handle your affairs if you become incapacitated and cannot do so.
Organize your financial accounts – Make sure that all of your bank accounts and retirement accounts have designated beneficiaries.
Appraise intellectual property rights – Get professionally estimated values for any copyrights that you hold.
Create an outline – An outline of what you have and what is supposed to happen to it will assist your estate in handling everything after you pass away.
Even if you are not a musician it would be wise to consult with an estate planning attorney for guidance on protecting your heirs and passing on your assets.
Call (443) 470-3599 today and schedule a consultation with Maryland Attorney Britt L. Stouffer to learn more about Estate or Elder Law and how she can help you.
