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Wine & Pot
Format:
Webinar
Date:
February 20, 2018
Time:
12:00 PM - 1:30 PM CT
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Wine and Pot are two unique assets that have recently become booming industries, with many individuals and companies entering the spaces or looking for opportunities to do so. Recreational marijuana is now legal in eight states, with another twenty-one having legalized its medicinal use.  Even so, possession and use are illegal under federal law, causing uncertainty in the context of planning for investment and ownership of businesses involved in the cannabis trade.  And wine, while an appreciating asset, is organic and has many factors in realizing its value, making planning with wine more complicated.

This presentation will discuss some of the special estate planning considerations presented by wine and pot in the context of the themes below:

• The current state of the law governing cannabis.
• The potential estate planning implications that may arise in these uncertain times, with issues ranging from how to value a company involved in the cannabis business when its activities could be shut down by the Federal government at any time, to the implications of leaving ownership in an "illegal" business to heirs.
• Issues related to realizing the value of wine, including what is happening in the current wine market and legislation relating to shipping, trading and brokering wine.
• How to approach valuation and storage issues when there is wine in an estate, as an alternative investment, or being used as collateral.

  • List Price: $175.00
  • ABA Member Price: $150.00
 
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ABA Members join RPTE for $70 to save $55 on this and future RPTE teleconferences, sign up at Register online. Find upcoming programming here. You may also email Khadijah.Kellogg@americanbar.org, or call 312-988-5260. Visit www.shopaba.org to update your...
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