Estate Planning For Copyrights, Patents, And Trademarks

Wednesday, January 20, 2016

Estate Planning For Copyrights, Patents, And Trademarks

Patent officeOne very important aspect of estate planning is deciding how property will be distributed after a person dies. Property can include more than just tangible assets, money, and real estate. If a person possesses valuable intellectual property, they will need to plan for that as well. Copyrights, patents, and trademarks are the three broad categories of intellectual property that is protected under federal law. A persons rights in original works of authorship are known as a copyright, and these rights automatically exist once a person produces a work in fixed form. A patent, which gives a limited property right to the inventor of an invention, is not automatic and a request for patent must be submitted to the U.S. Patent and Trademark Office (USPTO). A trademark is the right to use a particular word or mark in association with a commercial product or service.

See Scott C. Soady, How Should I Deal with Copyrights, Patents, and Trademarks in My Estate Plan?, The Law Office of Scott C. Soady, January 14, 2016.

Special thanks toBrian Cohan(Attorney at Law, Law Offices of Brian J. Cohan, P.C.) for bringing this article to my attention.

http://lawprofessors.typepad.com/trusts_estates_prof/2016/01/estate-planning-for-copyrights-patents-and-trademarks.html

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