Quote:
Originally Posted by sirbruce
Sounds like something straight out of Heinlein.  However, I would suggest that having X = Widow's lifetime might result in an attempt to game the system. An elderly author would be incentivized to divorce and pick up a young new bride in order that his estate may continue to accrue income for decades longer than the worn-out husk of his previous wife is likely to. In turn, a new trust can be established for the divorced wife so she continues receiving most or all of the income until she dies... and then the new wife starts getting hers. Or even less, if you could get her to agree to a lesser contract before marriage. Of course, this scheme would only work once. |
And only for those writer that have a "big enough" endowment at the end of their lives to justify it. Statistically, 99% won't...