Lessons from celebrity-estate planning cases for advisors.
Celebrity Estates Podcast: Prince and Planning for Intellectual PropertyCelebrity Estates Podcast: Prince and Planning for Intellectual Property
David Lenok and Matthew Erskine discuss the relevance of protecting your intellectual property regardless of your celebrity status.
Sponsored by Parametric
From his home and liquid possessions to his image and royalty rights, settling Prince’s estate would have been a complex process, even with a will. But Prince did not have a will, and this led to one of the largest and most complex estate battles in Minnesota and even American history.
However, the most mysterious part of Prince’s estate is the bank vault with a code that even Prince himself forgot.
In this episode, David Lenok is joined by Matthew Erskine of Erskine and Erskine revisiting the topic of Prince. Focusing on the sealed vault filled with unpublished songs and recordings, David and Matthew discuss the relevance of protecting your intellectual property (IP) regardless of your celebrity status. They reveal the potential ramifications of posting content online and the importance of categorizing your collection for future heirs.
Matthew and David discuss:
How the internet has immortalized intellectual property;
The ramifications of self-selling when it comes to IP ownership;
The impact of fan-made creations on the original creators; and
Why you should categorize your collection for your heirs.
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The Celebrity Estates: Wills of the Rich and Famous podcast is available on Apple Podcasts, Android, Stitcher and wherever podcasts are found.
