Answer:
Income from royalties is generally part of an estate that goes through probate. However, you can set up a trust to receive royalty payments, which would avoid probate. An attorney can help create an assignment document to transfer these payments to the trust, based on your contracts with the debtors. It’s important to inform the debtors to change their payables to the trust's name.
This content is for informational purposes only and is not legal advice. Legal statutes mentioned reflect the law at the time the content was written and may no longer be current. Always verify the latest version of the law before relying on it.
