Q: My dying mother wants to leave her art business to me, she wants me to continue sell her branded art for her
What must I do legally?
She wants me to continue on her brand and artwork selling.
A:
To legally handle your mother's request, you should:
1. Ensure she has a valid and comprehensive will or trust that clearly outlines her wishes for the art business's succession.
2. Work with an attorney experienced in estate planning to facilitate the transfer of assets and intellectual property rights related to the art business to your name or a designated entity.
3. Consider forming a legal entity (e.g., an LLC) to continue operating the art business and comply with all necessary business and tax regulations.
By following these steps and consulting with a knowledgeable attorney, you can ensure a smooth transition and legal compliance when taking over the art business.
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