Legal Question in Intellectual Property in New York
valuations of intellectual property
I am the executor for a multi-million-dollar estate that is donating all its assets -- including intellectual property -- to a charitable organization. Do I need a professional appraisal for the intellectual property, since there is no tax consequences, or can I get away with a best-guess estimate?
Asked on 1/30/08, 10:27 am
1 Answer from Attorneys
Nancy Delain
Delain Law Office, PLLC
Re: valuations of intellectual property
There are indeed tax consequences to intellectual property donations.
I'd get the appraisal.
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Answered on 1/30/08, 7:35 pm