Intangible Assets
How do you leave a patent for a new drug to your heirs? How do you place a value on a profitable secret recipe for your estate? Such intangible assets, which have no physical existence, can pose a problem in estate planning, especially if you want to divide them amongst more than one heir. The best procedure, say some experts, is to not place a fixed value on the asset but divide the future revenue stream, say, allocating 20% of future sales of the latest cure for acne to each of your heirs.
