012: Protecting Your Creative Expression – The Nature of Copyright
Release Date: 07/17/2018
141: Managing Real Estate Assets as a Trustee
Absolute Trust Talk
Managing a trust can be challenging, especially when it involves real estate assets. In this episode of Absolute Trust Talk, host Kirsten Howe welcomes Karen Fisher, founder of Bishop Fiduciary Services, and Kathy Rodriguez, a licensed professional fiduciary and co-trustee with Bishop Fiduciary Services. Together, we will explore the complexities of life estates and trustee responsibilities and the essential steps for protecting and maintaining real estate assets, from securing insurance and handling maintenance to addressing unique challenges faced by elderly inhabitants. Karen and Kathy also...
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140: Navigating Trust Complexities: The Family Home Dilemma
Absolute Trust Talk
To all of our local Bay Area listeners, you may have heard about the recent story of a three-bedroom house listed for $488,000 in San Francisco’s Russian Hill with a tenant renting it for only $417 a month. How is that even possible?! If you’re as intrigued as we are, stick with us for this episode of Absolute Trust Talk, where we will be dissecting this situation with associate attorney Jessica Colbert. Listen in as we explore crucial lessons in trust management, the impact of California's Prop 19 on property taxes, and the importance of updating estate plans as circumstances change....
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139: Optimizing Your Portfolio with Alternative Investments
Absolute Trust Talk
We’ve all heard the saying, “Don’t put all your eggs into one basket,” which rings true for building your portfolio. The ideal portfolio consists of more than stocks and bonds – it includes Alternative Investments, like real estate, drilling funds, and value adds. In this episode of Absolute Trust Counsel, certified financial planner Miguel Delgado joins us for a third installment of our financial planning discussion to take a deep dive into this invaluable topic. Together, we’ll discuss the benefits of Alternative Investments, the different types, how to qualify, and how you can...
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138: Beyond Profits: Tackling Key Issues for Business Longevity
Absolute Trust Talk
In our latest episode, we welcome back Miguel Delgado, Senior Wealth Advisor at Legacy Wealth Management. Miguel previously offered an excellent inside look at financial planning for small businesses, and his insights were so valuable that we knew we had to have him on again. This time, we're diving deeper into the challenges that businesses often face, challenges that might need to be added to your radar. For instance, how can you improve employee retention? And for all the business owners out there, do you have a buy-sell agreement in place in case a co-owner decides to exit the business?...
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137: Maximize Your Wealth: Expert Financial Strategies for Business Owners
Absolute Trust Talk
Are you a business owner or partner? If so, you don’t want to miss this episode of Absolute Trust Talk! We’re exploring all things financial planning for business owners so you can transform your business success into personal wealth. Joining us is Miguel Delgado, Senior Wealth Advisor at Legacy Wealth Management, who specializes in tax minimization, asset protection, and fulfilling personal passions. Together, we’ll discuss ways you can maximize your savings, secure your assets, and plan for a successful, stress-free retirement. You can even apply some of these tips to your plan today,...
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136: Guardianship Explained: Essential Insights for Effective Estate Planning
Absolute Trust Talk
Have you ever considered what would happen to your children if you passed away? It can be daunting and hard to think about; no one wants to plan for the possibility where they aren’t around to see their kids grow up. We often talk to clients who follow that old superstition that if they don’t think about it, then it won’t happen to them, so why plan, right? In our opinion, that isn’t the best course of action. While it's rare for a child to lose both parents and be taken in by a guardian, it does happen, and it's crucial to be prepared. Fortunately, guardianship is an element you can...
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135: Character Matters Part 2: Estate Planning for Community Property vs. Separate Property
Absolute Trust Talk
If you missed the first episode of our "Character Matters" mini-series, we discussed the differences between Community and Separate Property and why the "character" of your assets matters in estate planning. As a quick recap: Separate Property includes assets owned before marriage or received as gifts or inheritances during marriage, while Community Property consists of assets acquired during the marriage. Now, as we start Part Two, we're delving into the deeper details of property types and how specifically to estate plan for each of them. Join us as we explore important topics such as...
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134: Character Matters Part 1: Understanding Community Property in Divorce and Estate Planning
Absolute Trust Talk
Did you know that in California, any property acquired while married is considered Community Property? This means that, regardless of who bought it, the ownership is split 50/50 in the case of divorce. It also means that if you die without valid estate planning documents, your spouse automatically receives 100% of the ownership. If we’re talking about Separate Property, that’s a slightly different story, and of course, there are always exceptions to the rule. This episode of Absolute Trust Talk kicks off our Character Matters series, where we’re diving deep into the important...
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133: From Wheels to Waves: How to Fund Your Trust with Cars, Boats, or Mobile Home Assets
Absolute Trust Talk
When it comes to funding your trust with assets like cars, mobile homes, and boats, it can get a little complicated and confusing. For instance, do you know whether or not you need to retitle your cars to your trust? And when it comes to mobile homes, before you can even determine whether you should retitle it, you must first know if it’s registered as a vehicle or a home. And what’s recommended for cars and mobile homes differs completely from boats. In this episode of Absolute Trust Talk, we explore these topics in detail to answer some of our most commonly asked questions so you can be...
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132: Trust Funding in a Digital World: Safeguarding Virtual Wealth
Absolute Trust Talk
One area of estate planning that is largely overlooked is funding the trust. The first step is developing the trust. The second step is ensuring that all the assets you want included are properly transferred over as needed. This can be especially difficult in today’s digital-driven world because there are more and more places where funds can be stored away. Thanks to the advent of the internet and digital banking, funds are no longer just kept in savings accounts and piggy banks. Instead, they are spread across various apps, like Venmo and PayPal, stored in digital savings, like Capital One...
info_outlineIn this episode of Absolute Trust Talk, Kirsten welcomes Walnut Creek copyright law expert Kelley Way into the studio. This Walnut Creek native, wanted to practice copyright law since she was in high school, as two of her biggest passions are books and music. She fell in love with copyright law after resolving a case for her first ever client – the copyright holder of a New York Times bestselling fantasy series – and the rest was history.
Because copyright law is confusing to many, Kirsten and Kelley dive into a discussion of what intellectual property and creative expression actually mean and what makes them worthy of protection. Kelley highlights the different types of intellectual property and how long they last, and she later weighs in on how it can affect future generations.
Take Away From Episode #012:
- If an intellectual property asset will affect future generations, make sure they know what to look forward to and make sure they understand how to deal with their finances in a smart way.
Time-stamped Show Notes:
2:00 – What is intellectual property?
2:45 – How do you register to protect your intellectual property?
5:50 – Kelley discusses what kinds of assets are protected by copyright and what makes them worthy of registration
8:35 – If you have a copyright, what kind of protection do you get? (Hint: There is more than one type of protection, depending on the work)
12:45 – How long does a copyright last?
14:09 – Kirsten and Kelley discuss how and why creators can take back the right to their works and get a second chance at making their content a lucrative business deal
16:30 – Can heirs enforce certain rights when it comes to a copyright?
20:00 – What happens when someone inherits a copyright asset?
Episode #012 Freebie: What Is Intellectual Property? A Guide to Copyrights, Trademarks, and Patents
What many people don’t realize is that there is, in fact, an overlap between copyrights, trademarks, and estate planning – what they don’t quite understand is the “why” or the “how.” The key to bringing it all together is the background information, what each piece of copyright protection is for, how and why copyright protection works, and how your future and future generations can be affected if proper care is not taken. Absolute Trust Talk guest and copyright law expert Kelley Way shares exclusive access to her in-depth article, “What Is Intellectual Property? A Guide to Copyrights, Trademarks and Patents.” Kelley breaks down what each area of intellectual property and how all of these practice areas tie together, in an easy-to-consume, no-nonsense way. To brush up on your understanding of copyrights, trademarks and patents, click here to read Kelley’s article!