Tom Clancy Needed an Experienced Staten Island Lawyer
Writers have a unique conferment that very few others possess. Writers make royalties off the sale of their works, no matter how popular, blockbuster or not. Almost every published author will make some royalties from their publications. Once they publish even an unnoticeable work they need Frank Savona (http://www.savonalaw.com/), an experienced Staten Island lawyer.
The unusual aspect of writer’s income is that the money continues even when the writer has passed. When a writer publishes, the work has a copyright for the life of the author plus seventy years. When a writer dies, there will be fighting and bitter feelings for those family members that want a piece of that estate. The family and the writer both need a Staten Island lawyer, Frank Savona, an experienced estate attorney, to construct a complex will to satisfy the desires of the author.
Seventy years of income accrual can be millions of dollars for a successful writer. Tom Clancy comes to mind with his enormous catalog of books and screenwriting credits. Unfortunately, Mr. Clancy died at a young age, 66. Mr. Clancy had a will, but it did not specify who would pay the taxes owed from his share of royalties. Eleven million dollars was in question. Mr. Clancy could have benefited from a qualified Staten Island lawyer like Frank Savona to write a very thorough, very detailed and very complicated will.
Every writer needs a professional like Frank Savona to craft their will. The royalty income will have many taxes due for seventy years. Most writers never think seventy years ahead. A Staten Island lawyer to write their bestowals is essential for family peace.
Like Mr. Clancy, people die unexpectedly. Sometimes an author does not become popular until after their demise. (Best-selling author Stieg Larson was one of those.) Without a doubt, that author would not consider the question of taxes or royalties and their responsibilities. The IRS will, unfortunately, and the estate will languish in the court system for several years without the benefit of a very knowledgeable Staten Island lawyer like Frank Savona to draft a will.