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OnDemand Course

Estate Planning for Intellectual Property and How to Pass Along Client Rights After Death

Learn how intellectual property is treated after death and the tax implications of intellectual property income.

Intellectual property is a hot area of the law, and businesses, along with individuals, are using intellectual property interests to start, grow and value their businesses. After the patent, trademark or copyright application is filed, most individuals and businesses think they are done with the process; however, some often overlooked interests, estate planning issues, can present significant problems in the future. A change in marital status, death and estate planning structure can all influence how intellectual property is owned, transferred and prosecuted worldwide. This topic will focus on several key points of convergence between the intellectual property world and the estate planning world. Small, mid-size and large businesses, along with business owners and individuals will benefit from this information.

82 minutes
Course Exam
Certificate of Completion
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Why Lorman?

Over 35 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Agenda

Introduction to the Different Kinds of Intellectual Property (IP): The World of Patents, Copyrights, Trademarks, Service Marks, Trade Dress, Trade Secrets, Domain Names

Determining Whether the Client Has an Interest in IP, and If so, the Kind of Interest

Determining How Title to the IP Is Held, Whether in the Client Alone, Jointly With Others, in a Trust or Business Entity; and How That Affects the Client's Rights in Such Property

Determining What, If Anything, the Client Must Do to Protect and Maintain That Interest and Related Documentation

Whether Title to IP Is Assignable, How so, How May It Be Perfected Against Other Possible Claimants, and Related Documentation

Whether the IP Can Be Inherited Either by Intestate Succession, a Will or Through a Trust

How Title to the IP Should Be Held for Estate Planning Purposes, in the Client's Name Subject to Disposition by Will? in a Trust? in a Business Entity Owned by the Client or His Trust

Determining the Value of the Property for Estate and Gift Tax Purposes

IP Income Tax Issues

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Why Lorman?

Over 35 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Credits

OnDemand Course

Applications have not yet been submitted for Delaware, Idaho, Kentucky, Maine, New Hampshire, Ohio, Oklahoma, South Carolina, and Wyoming CLE for this course. However, if you are interested in obtaining CLE for any of the listed states or have any additional credit questions please email us at [email protected] or call us at 866-352-9540.

This course was last revised on April 30, 2020.

Call 1-866-352-9540 for further credit information.

  • CO CLE 2.0
     
  • Lorman Education Services is a Certified Provider, as recognized by the Colorado Supreme Court Continuing Legal and Judicial Education Committee. This program is approved for 2.0 credit hours.
     
  • NY CLE 1.5 including Areas of Professional Practice 1.5
     
  • This course has been approved in accordance with the requirements of the New York Continuing Legal Education Board for up to a maximum of 1.5 credit hours in the area(s) of Areas of Professional Practice for 1.50 hours. Each hour may be counted only as satisfying one category of credit. Duplicate credit for the same hour of instruction is not permitted. This course qualifies for both established and newly admitted attorneys. Lorman Business Center, LLC. has a financial hardship guideline. Please contact customer service at 1.866.352.9539 for instructions on how to apply.
     
  • WA CLE 1.25
     
  • This program has been approved by the Washington State Board of Continuing Legal Education for 1.25 hours of A/V credit under the Law & Legal Procedure category.
     
The CLE Code is ONLY a requirement when applying for CLE Credit in New York. Other states do not need to supply the CLE Code to apply for CLE credit.

To earn each credit Lorman offers through the OnDemand learning platform, you need to watch 100% of the program. Also, for certain credits you will need to fulfill additional requirements which will be displayed on the "credits" tab when viewing the course.

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

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Why Lorman?

Over 35 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Faculty

J. Noland (Jay) Franz

J. Noland (Jay) Franz

Buchalter, A Professional Corporation

  • Of counsel with Buchalter, A Professional Corporation, in the firm’s corporate, tax and estate planning practice groups in Scottsdale, Arizona, and is licensed to practice law in the states of Arizona, Colorado and Missouri
  • Certified by the State Bar of Arizona as an estate and trust specialist and has extensive experience in business and securities law, focuses his practice on trust and estate planning, probate administration, asset protection planning, business law and business succession (exit) planning, tax planning, private placements of securities, and trust and estate litigation and appeals
  • Member of a nationwide network of estate planning lawyers known as WealthCounsel; and over the years he has given numerous presentations at continuing professional education workshops and seminars on estate planning and tax-exempt organizations
  • A former trial attorney for the Securities & Exchange Commission
  • Has in-depth experience in securities law and related matters, and served for a number of years as an arbitrator for the Financial Industry Regulatory Authority (FINRA) and, prior to that, for the National Association of Securities Dealers (NASD)
  • Achieved the highest rating in the Martindale-Hubbell Law Directory, which indicates that he is recognized by members of the bar and judiciary for the highest levels of legal ability and ethical standards
  • Has been named as one of Arizona’s Finest Lawyers, having been recognized by his peers in Arizona as an attorney who has demonstrated high skill, unquestioned integrity and full commitment to the rule of law
  • Recognized by Phoenix Magazine as one of the top lawyers in the Phoenix metropolitan area and by Arizona Business Magazine as a top lawyer in estate and trust litigation
  • Member of the State Bar of Arizona, and is a Fellow of the Arizona Bar Foundation; he also is a member of the Colorado Bar Association and the Missouri Bar Association
  • J.D. degree, University of Michigan School of Law; M.B.A. degree, University of Missouri at Kansas City; B.A. degree in economics, University of Kansas
  • Can be contacted at 480-383-1800 or [email protected]
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Over 35 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

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Product ID: 407251
Published 2020
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