[{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/www.amorusolaw.com\/blog\/musicians-take-closer-look-at-estate-planning-new-york-ny-white-plains-ny\/#BlogPosting","mainEntityOfPage":"https:\/\/www.amorusolaw.com\/blog\/musicians-take-closer-look-at-estate-planning-new-york-ny-white-plains-ny\/","headline":"Musicians Take Closer Look at Estate Planning","name":"Musicians Take Closer Look at Estate Planning","description":"Prince passed away without an estate plan and now musicians rethink the future. Following the death of Prince, Billboard has published an article \u201cAvoiding The Prince Syndrome: A Primer On Estate Planning,\u201d which includes some guidelines for musicians looking to protect their heirs with an estate plan. Among the tips are: Hire a good estate […]","datePublished":"2016-09-01","dateModified":"2023-08-06","author":{"@type":"Person","@id":"https:\/\/www.amorusolaw.com\/blog\/author\/amorusolaw\/#Person","name":"Amoruso & Amoruso LLP","url":"https:\/\/www.amorusolaw.com\/blog\/author\/amorusolaw\/","identifier":5,"image":{"@type":"ImageObject","@id":"https:\/\/secure.gravatar.com\/avatar\/12de032c04195e9c39a06a6d6eea182f7b4fa655c20e245f8094a244b5cdd0cb?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/12de032c04195e9c39a06a6d6eea182f7b4fa655c20e245f8094a244b5cdd0cb?s=96&d=mm&r=g","height":96,"width":96}},"publisher":{"@type":"Organization","name":"Amoruso & Amoruso LLP","logo":{"@type":"ImageObject","@id":"https:\/\/www.amorusolaw.com\/wp-content\/uploads\/2023\/07\/amoruso-logo.svg","url":"https:\/\/www.amorusolaw.com\/wp-content\/uploads\/2023\/07\/amoruso-logo.svg","width":0,"height":0}},"image":{"@type":"ImageObject","@id":"https:\/\/www.amorusolaw.com\/wp-content\/uploads\/2023\/04\/6a01901dd0a082970b01bb09303362.jpg","url":"https:\/\/www.amorusolaw.com\/wp-content\/uploads\/2023\/04\/6a01901dd0a082970b01bb09303362.jpg","height":1050,"width":750},"url":"https:\/\/www.amorusolaw.com\/blog\/musicians-take-closer-look-at-estate-planning-new-york-ny-white-plains-ny\/","about":["Estate Planning","Trusts","Will"],"wordCount":272,"keywords":["Estate Planning","Trusts","Will"],"articleBody":"Prince passed away without an estate plan and now musicians rethink the future.Following the death of Prince, Billboard has published an article \u201cAvoiding The Prince Syndrome: A Primer On Estate Planning,\u201d which includes some guidelines for musicians looking to protect their heirs with an estate plan.Among the tips are:Hire a good estate attorney and a good music attorney \u2013 You do not want to plan a complicated estate on your own, so get competent help.Create a will \u2013 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 \u2013 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 \u2013 These documents will allow a trusted person to handle your affairs if you become incapacitated and cannot do so.Organize your financial accounts \u2013 Make sure that all of your bank accounts and retirement accounts have designated beneficiaries.Appraise intellectual property rights \u2013 Get professionally estimated values for any copyrights that you hold.Create an outline \u2013 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.Reference: Billboard (Aug. 8, 2016) \u201cAvoiding The Prince Syndrome: A Primer On Estate Planning,\u201dFor more information on asset preservation and estate planning, please visit my estate planning website."},{"@context":"https:\/\/schema.org\/","@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"Blog","item":"https:\/\/www.amorusolaw.com\/blog\/#breadcrumbitem"},{"@type":"ListItem","position":2,"name":"Musicians Take Closer Look at Estate Planning","item":"https:\/\/www.amorusolaw.com\/blog\/musicians-take-closer-look-at-estate-planning-new-york-ny-white-plains-ny\/#breadcrumbitem"}]}]