Estate Planning for Cannabis Business Owners

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Course Description
Course Qualification
Presenter
FAQ

Course Description

Overview

Estate planning needs of Cannabis entrepreneurs

8 mins
Is your client fully licensed in the state?

11 mins
Catastrophic planning

24 mins
Revocable trust

34 mins
Make a plan and then re-visit it annually

41 mins

Course Description

The legal cannabis industry is one of the fastest-growing industries in the world. As more states legalize cannabis sales, estate planners may increasingly be called upon to advise clients with interests in cannabis-related businesses.

This CPE webinar provides an overview of some of the fundamental issues about which cannabis business owners are likely to seek estate planning advice: business formation matters, wealth transfers, the ability of trusts to own cannabis-related businesses, and gift, estate, and income tax considerations.

In most states that permit legal cannabis sales, there is limited guidance to provide answers to many basic questions about wealth transfers involving cannabis businesses. At the federal level, while there is a clear prohibition on income tax deductions by cannabis businesses, the gift and estate tax rules are entirely silent on the most basic matters.

Speaker Paula Collins will discuss this introductory information, forward-thinking estate planners may be better equipped to advise clients about how much is still unknown about the legal landscape for cannabis business owners and to follow future developments in this burgeoning area of law.

Wherever you are in your career in the Cannabis Business, this CPE Finance webinar will give you the tools and knowledge to make the choices necessary to have a successful financial future.

Learning Objectives

To discuss that Cannabis Business Owners need estate planning as much or more than regular business owners.
To consider estate planning for cannabis business owners through the perspectives of insurance, savings, traditional retirement planning tools, and trusts (revocable and irrevocable).
To explain some of the socio/cultural and banking considerations that make estate planning for cannabis business owners, especially tricky.
To review that estate planning is not so much about planning for death, but also about planning for incapacity.

Recommended For

This Online CPE webinar is recommended for CPA, CVA, CBA/MCBA, CFA, CIPM, ChFCA, CASL, ChSNC, RICP, WMCP, FSCP, CFIRS, CWS, PFS, TEP, CSA, Finance professionals, Business owners, and other Financial professionals who want to learn about Estate Planning for Cannabis Business Owners.

Who Should Attend?

Certificate in Investment Performance Management
Certified Public Accountant (CPA)
Certified Valuation Analysts
Chartered Financial Analyst
CPA (Industry)
CPA - Large Firm
CPA - Mid Size Firm
CPA - Small Firm
CPA in Business
Entrepreneurial CPA
Finance Pros
Finanical Analyst
Young CPA

Course Qualification

Webinar Qualifies For

1 General Credit for Accountant/Bookeeper
1 CPE Credit of Finance for Certified Public Accountants (CPA-US)
1 CPE Credit of Finance for Certified Valuation Analyst (CVA)
1 PL Credit for Chartered Financial Analyst (CFA)
1 CPD Credit of Estate Planning for Personal Financial Specialist (PFS)
1 CPD Credit for Trust and Estate Practitioners (TEP)
1 CPE Credit for Chartered Financial Consultant (ChFC)
1 CE Credit for Certified Senior Advisor (CSA)
1 CPE Credit for Financial Services Certified Professional (FSCP)
1 CPE Credit for Chartered Advisor in Senior Living (CASL)
1 CPE Credit for Chartered Special Needs Consultant (ChSNC)
1 CPE Credit for Retirement Income Certified Professional (RICP)
1 CPE Credit for Wealth Management Certified Professional (WMCP)
1 PL Credit for Certificate In Investment Performance Measurement (CIPM)
1 CPE Credit of Finance for Certified Business Appraiser/Master Certified Business Appraiser (CBA/MCBA)
1 CE Credit for Certified Fiduciary & Investment Risk Specialist (CFIRS)
1 CE Credit for Certified Wealth Strategist (CWS)

Additional details

Course Level :

Basic
Credits :

1
Instructional Method :

QAS Self Study
Pre-requisites :

None
Advance Preparation :

None

NASBA APPROVED

MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478

MY-CPE LLC (Sponsor Id#: 143597) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.NASBARegistry.org.

Presenter

About Presenter

Paula Collins

Owner, Law Office of Paula Collins, PLLC

I take a personal interest in my clients and specialize in helping them find solutions to all of their business and individual needs. This means that my clients trust me on a wide range of legal and financial issues that affect their daily lives.

After an early career as a professional pianist, I began to do Tax Preparation for myself and my fellow musicians. This experience is one component of my ongoing practice of providing legal representation to individuals in contracts. I also saw the necessity of protecting assets through Wills, Trusts, and Estate Planning.

In addition to my tax and legal expertise, I have ten years of experience as a Special Education Teacher with NYC Teaching Fellows. Because of this, I have seen firsthand the importance of providing legal representation for those with special needs. The problems faced by these individuals are not abstract concepts to me.

I am a graduate of Brooklyn Law School with a Certificate in Intellectual Property, Media, and Information Law. While in law school, I won the Center for Urban Business Entrepreneurship (CUBE) competition for an app design to help Indie Filmmakers in developing contracts. Additionally, I won Regional Law School Mediation competition. This award alone is indicative of my ability to find solutions.

Faq

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