Royalties

What is this?

People who own patents or copyrighted material will often receive a stream of income for owning the asset, and during life or at their passing, the income continues on.

Who is it a good option for?

It is good for people who don’t want or need that royalty income stream, are charitably inclined, and may want a charitable income tax deduction (during life).

Financial Benefits

The charitable income tax deduction is a benefit, as well as removal of the income stream from the estate.

What do interested parties need to prepare for a meeting?

Bring all the information on the source of the income, the income history, and the most recent tax return, as appropriate.