Providing service and support to film and television musicians.
A: The residual Claim Questionnaire/Report the Death of Musician form is located on the Fund website and can be filled out online. This Questionnaire can be found here.
A: The Fund freezes his/her account until the beneficiary can be identified, confirmed and established.
A: Yes. After notifying the Fund of the Musician's passing by completing the Residual Claim Questionnaire, the Fund will contact you to request submissions of the documentation necessary to determine the correct beneficiary.
A: The Fund collects documentation needed to determine the correct beneficiary(ies) entitled to receive residuals collected on account of the deceased Musician. Once review of the documentation is completed, the Fund retains the documents in a secure manner to protect privacy and confidentiality, in the event the documents are needed for future reference.
A: No. In cases where there is neither a Beneficiary Designation Form nor a living spouse at the time of the Musician's death, the Fund will require complete copies of any wills and trusts of the deceased in order to confirm the correct beneficiary(ies).
A: Once all documents necessary have been received, the Fund will conduct a review to determine the correct beneficiary(ies) entitled to receive residuals on account of the deceased Musician.
A: A determination may take between two and eight months, or longer, depending upon the completeness and complexity of the documentation provided.
A: The Fund will conduct a thorough review in orer to make a final determination.
A: The Fund will wait until Probate is finalized before making a final determination.
A: The Fund will follow the Rules of Intestacy of the Musician's State of residence at the time of his/her death.
A: Only a confirmed beneficiary will be advised of the amount of outstanding residuals, if any, being held on account of the deceased Musician.
A: The Fund will send you an Affidavit which must be signed, notarized, and returned to the Fund.
A: Yes. If a beneficiary receives residuals from the Fund in a given year, the beneficiary will be issued a 1099-MISC the following January. However, residuals payable on account of a deceased Musician which are issued in the year in which the Musician passed must be treated as taxasble income to that Musician, and a W2 for the Musician will be issued for that year.
A: The Fund's annual distribution occurs once a year on July 1st. Residual payments are dependent upon whether the motion picture in which the Musician performed services generated residuals received at the Fund office during the previous fiscal year.
A: Yes. In limited circumstances. In order to assign your residual payments, you must follow the terms and criteria of the Beneficiary Assignment Policy, which can be found here.
A: No. You will receive only your share of the residuals. The Fund will hold your sibling's share until he contacts the Fund and is verified and confirmed as a beneficiary.
A: No. If there are multiple beneficiaries designated and one passes away, their share reverts back to the Fund.
A: This is because payments from the Fund are residuals (deferred wages) as opposed to royalties. As such, similar to wage-based pension payments, they end with the death of the beneficiary.