Estate Planning for Authors by M. L. Buchman

Author:M. L. Buchman [M. L. Buchman]
Language: eng
Format: epub
Published: 0101-01-01T00:00:00+00:00

Quick tip:

Remember, it is up to you to keep everyone notified of changes to address and accounts. If you close a bank account, you may be shutting down a line of direct deposit unless you notify the vendor/publisher of the change.

Out-bound Money (Expenses)

• Automatic bank account withdrawals for website hosting, subscriptions to services, and other online tools.

• Automatic withdrawals for on-going advertising campaigns.

• If I have staff? Payments and payroll expenses that are due to them.

• Book and cover designers.

• Insurance.

• Lawyers.

• Accountants.

• Perhaps translators for foreign language editions.

• Voice talent and engineers for audio editions.

• Money I owe to other authors for cooperative projects I am responsible for.

• The more successful I am, also the more ways that money is moving out.

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