How do you account for royalty income in a will?

[catlady2112]

I'm in California.

How do I deal with including "royalty checks" in my will? I'm concerned they might go on for decades after my death.

My current will divides my assets into a specific percentages (mostly investments) for 20 recipients/organization. But I don't want to make anyone divide up royalty checks that might go on forever. Should I just say something in my will like "all royalty checks should go to ----- organization" just to keep things simple? I'm into simple. Thanks!

 

[tranquility]

I'm in California.

How do I deal with including "royalty checks" in my will? I'm concerned they might go on for decades after my death.

My current will divides my assets into a specific percentages (mostly investments) for 20 recipients/organization. But I don't want to make anyone divide up royalty checks that might go on forever. Should I just say something in my will like "all royalty checks should go to ----- organization" just to keep things simple? I'm into simple. Thanks!

What are you getting the "royalty checks" for?

 

[anteater]

That sounds like a very good idea.

 

[catlady2112]

Tranquility-

To answer your question: They are for licensed artwork, books, and other online passive income.

 

[tranquility]

Tranquility-

To answer your question: They are for licensed artwork, books, and other online passive income.

Then, you will ownership of the licenses, copyright, and whatever you own that gives "online passive income" to the organization.