2006-07-10 05:40:45 · 6 answers · asked by caleb p 2 in Entertainment & Music ➔ Music
to their estate and they have someone take care of it
2006-07-10 05:41:58 · answer #1 · answered by Melissa C 5 · 0⤊ 0⤋
If there is no one for the money to be passed down to, it is not held by the record company.
It is deposited into a an estate fund, regardless of wether or not there is anyone in charge of it.
What that means is it is held by the bank for an undetermined amount of time: till someone comes that can claim it, or it stays with the bank forever.
The only time this is different is if there is specific clause in the contract stating so.
2006-07-10 13:07:26 · answer #2 · answered by Godslayer 2 · 0⤊ 0⤋
Bob Marley's money went to his son, Ziggey Marley.
2006-07-10 12:42:34 · answer #3 · answered by DiRtAlLtHeWaY 4 · 0⤊ 0⤋
If they have no family, and no explicitly stated directive for their money in a will, it is usually taken by the record company.
Most very wealthy people who will continue to make money after death have directions for this situation, mostly to defer the profit to close family friends or to a charity.
2006-07-10 12:45:34 · answer #4 · answered by remik86 3 · 0⤊ 0⤋
The people that bought the rights to their music.
2006-07-10 12:46:46 · answer #5 · answered by SirCornman 3 · 0⤊ 0⤋
estate
2006-07-10 12:44:38 · answer #6 · answered by Anonymous · 0⤊ 0⤋