Why artists need a "WILL"

This week on the podcast, I am diving into the crucial topic of why having a will matters for artists. Here are the key reasons:

1. Ownership and Control: A will allows artists to decide who inherits their music rights, recordings, and intellectual property. Without it, the state decides, potentially against the artist's wishes.
2. Future Success: Your song might not be a hit today, but it could explode in popularity years later. A will ensures your legacy and income go to your intended beneficiaries.
3. Protecting Loved Ones: Ensure financial security for your spouse, children, or loved ones by specifying how income from your music will be distributed.
4. Avoiding Disputes: A clear will minimizes the risk of legal battles and family conflicts over ownership rights.
5. Peace of Mind: Knowing your wishes will be respected and your legacy secure provides immense peace of mind.

Considerations for Artists:

1. Types of Assets: Address not just music rights but also instruments, merchandise, and other creative assets in your will.
2. Updating the Will: Careers change rapidly. Update your will periodically, especially after major life events like marriage, children, or significant music deals.
3. Consulting a Lawyer: While simple wills can be created online, consulting an entertainment lawyer is recommended to ensure your will is legally sound and tailored to your music career.

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