(1-minute read)
In an industry where creative work is the foundation of success, understanding intellectual property (IP) and estate planning is essential for ACTRA Toronto performers. Your work—whether in film, television, voice acting, or beyond—generates rights that can continue to provide value long after your lifetime.
Without a clear and legally sound plan, your IP could fall into unintended hands, be exploited or even become the subject of costly disputes. The information outlined in the article below is vital to ensuring your artistic legacy is protected, your beneficiaries receive the full benefits of your work, and your final wishes are respected.
By taking the right steps now, you can safeguard your creative contributions for future generations and maintain control over how your work is handled after you’re gone.
From ideas to heirs: Estate planning for intellectual property protection
By Jaclin Cassios, Christine N. Dimitrov & Rebecca Nokleby
January 28, 2025
In today’s digital age, our lives are increasingly intertwined with assets called “intellectual property” (IP). IP refers to creations of the mind and includes literary, artistic, dramatic or musical works, inventions, logos and other creations that have legal protection as an intangible asset. IP comes with legal rights known as IP rights. Three of the main types of IP rights in Canada are copyrights, patents and trademarks. When it comes to estate planning, it is crucial to consider how your IP will be handled after your death. This article will discuss three of the main types of IP rights in Canada and explore why having a will is essential for dealing with IP after death and for safeguarding IP assets for future generations. Read more…
