Legacy Planning
Creating and Preserving Wealth for Generations
Legacy and Business Succession Planning for Authors, Artists, and Business Owners
We offer full service estate planning needs:
Revocable Living Trusts
Charitable Trusts
Irrevocable Trusts
Literary Trusts
GRATs and IDGTs
Estate Planning + Creative Legacy
We specialize in creating legends in the entertainment industry, along with protecting that legacy for the next generation.
From safeguarding intellectual property and enforcing rights against infringement to negotiating posthumous licensing deals and book-to-screen adaptations, we help ensure that a creative legacy is protected, preserved, and positioned for future generations.
Entertainers and artists are unique in that their estate contains intellectual property, rights of publicity, digital replicas, and copyrights that can benefit their heirs for many years.
As an entertainment attorney and author, Tisha Morris understands the specialized needs in drafting trusts and estate plans, as well as representing estates.
Tisha can advise on your business succession and the best way to carry on your legacy and the potential need for a literary executor or literary trustee to oversee past and future works.
With experience in both estate planning and entertainment law, we offer comprehensive support for managing and monetizing literary and artist estates.
Why Legacy and Business Succession Planning is Essential
To protect creative works from being lost, misused, or exploited after death
To ensure the artist’s voice and vision are honored beyond their lifetime
To empower artists to treat their creative legacy as a lasting business
by building structures for ongoing revenue from books, music, and other IP.To help heirs and beneficiaries understand and manage valuable intellectual property instead of letting it sit dormant—or worse, fall into the wrong hands.
To give creative entrepreneurs peace of mind about who will carry on their legacy through trusts, business succession plans, or appointed literary executors.
To prevent family disputes over rights, royalties, and decision-making
by putting clear legal plans in place before it’s too late.To support new generations of artists in building multi-generational wealth through licensing, catalog sales, or carefully managed brand extensions.
How Estate Planning Can Benefit You Now Through Tax Savings
Defer or avoid capital gains tax by transferring appreciated assets into a Charitable Remainder Trust (CRT), allowing the trust to sell assets tax-free while generating income for the donor.
Claim an immediate charitable income tax deduction by funding a CRT or Charitable Lead Trust (CLT), even while retaining income or control over trust terms.
Remove future appreciation from your taxable estate by transferring assets to an Intentionally Defective Grantor Trust (IDGT) or GRAT, locking in lower gift values today.
Pay income taxes on behalf of a trust (in an IDGT), which reduces your taxable estate while allowing trust assets to grow tax-free for your beneficiaries.
Transfer wealth to heirs with little or no gift tax by leveraging a GRAT, especially when interest rates are low and asset growth outpaces IRS assumptions.
Convert income-producing assets into a tax-efficient stream using a CRT, which pays the donor (or others) for life while supporting a charitable cause later.
Offset high-income years with charitable deductions by funding a CLT or CRT, helping reduce current income tax liability while planning for future transfers.
Schedule a Free Complimentary Consultation
Schedule a free consultation to discuss your estate planning needs.