Estate Planning for Creators of Intellectual Property
Recording of a 90-minute CLE/CPE webinar with Q&A
This CLE/CPE webinar will provide estate planners with a comprehensive guide to the specific planning needs of artists, authors and other creators of intellectual property. The panel will discuss valuation of copyrights, trademarks, service marks, and patents, as well as discounting of royalty streams, and offer practical guidance on drafting bequests and structuring trusts designed to hold copyrights to literary works, art works and other intellectual property assets.
- Intersection of Internal Revenue Code and Copyright Act
- Areas of an author’s business that must be covered by a will
- Literary trustee duties
- Foreign considerations for copyrights held by estates and trusts
- Trademarks and Service Marks
- Structuring Trusts and LLCs
The panel will review these and other important issues:
- How can estate planning counsel verify that copyrights will be honored in a bequest or trust transfer?
- What types of assets must be passed down by will under Copyright Act provisions?
- How can counsel structure an LLC in conjunction with a trust to hold intellectual property assets
- What are best practices for utilizing valuation discounts?
- What are the different license vs. sale and valuation considerations?
Scott K. Tippett
The Tippett Law Firm
Mr. Tippett's practice focuses on wealth law, as a comprehensive and integrated approach to domestic and... | Read More
Mr. Tippett's practice focuses on wealth law, as a comprehensive and integrated approach to domestic and international estate planning, asset protection planning, business matters, and tax issues. He is the principal author of The North Carolina Wealth Law Counselor and The Wealth Lawyer, informative blogs dedicated to wealth law, estate planning, and asset protection planning issues.Close
Christi Rodriguez Cottrell, J.D., MFA
New York Life Insurance Company
Ms. Cottrell is a Minnesota-licensed attorney having worked in Estate and Business Planning for nearly a decade across... | Read More
Ms. Cottrell is a Minnesota-licensed attorney having worked in Estate and Business Planning for nearly a decade across the country including Los Angeles, Austin, and New York. She has an extensive professional background in the arts, including running a nonprofit theatre company for seven years and serving as a mayoral-appointed Arts Commissioner for the City of Minneapolis. She is now a Corporate Vice President and Advanced Planning Consultant at New York Life. In addition to her law degree, she holds both a BA and MFA in Theatre.Close
Megan Low, Esq.
Director of Services
Arts & Business Council of Boston
Ms. Low focuses on educating attorneys about important elements of an artists' practice that need to be considered... | Read More
Ms. Low focuses on educating attorneys about important elements of an artists' practice that need to be considered in making a viable and impactful legacy plan. These issues include creating an inventory of work; making a plan for its disposition/deeds of gift; documenting relationships with dealers, agents, and other interested parties; appreciating the particulars of IP (copyright in particular); and working with arts professionals.Close