Quote:
Originally Posted by Tarana
Yes, a valuation is done at the time of death. Keep in mind though, many authors lost their rights in conniving contracts with publishers and are only now regaining them (some 35 year rule - I think it was discussed here at the time). So, most of the time, they just make an estimate based on the royalties received over the most recent 3-5 years taking into account the trend.
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This is news to me. Is there any way for us to find out if the estate of a recently deceased author has paid their copyright inheritance tax? Seems like we're just blindly assuming that life+70 applies in all cases.