"Gone With the Wind" trademark and literary rights gifted to Catholic ...

The Catholic Church has been given a large gift in another state. The nephew of "Gone With the Wind" author Margaret Mitch has gifted 50 percent of the rights to the trademark and literary rights to the Archdiocese of Atlanta. Although this gift doesn't include rights to the film, it could still be work hundreds of thousands of dollars each year.

The gift of these rights shows how people can gift more than just money in a bank account using estate planning. People in New Jersey and across the country can gift rights for certain assets that might have royalties associated with it, making its value undeterminable. These assets can even be gifted to institutions or organizations, not just individual people. They can also be placed in a trust, which is what happened to the other 50 percent of the rights to the works in this case.

Dividing up an asset in this way allows people to give to a cause or institution that a person believed strongly in as well as helping protect and ensure the financial future of a person's family. While these matters may seem complex, an experienced estate planning attorney can help New Jersey residents handle these matters.

If proper planning is in place, a person can gift these assets to a person or organization, even if they don't know they are to receive them. Proper estate planning can help ensure a person's wishes are fulfilled no matter who they intend to gift assets to.

Source: The Atlanta Journal-Constitution, "Margaret Mitchell's nephew leaves estate to Atlanta Archdiocese," Sheila M. Poole, Aug. 16, 2012

-There are many different ways to set up an estate plan. To learn more about estate planning, please visit our website.

Source: http://www.jerseycityestateplanningattorneys.com/2012/09/gone-with-the-wind-trademark-and-literary-rights-gifted-to-catholic-church.shtml

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