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Wills, Trusts & Estates

Crafting a comprehensive succession plan for holders of licensed businesses demands a nuanced understanding of regulatory requirements and licensing qualifications. The Danow Group recognizes the unique challenges posed by regulatory restrictions in estate planning and is committed to providing tailored solutions.
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Wills, Trusts & Estates Overview

Succession Planning for Licensed Entities

  • Experienced guidance on considering licensing qualifications when creating a succession plan for holders of licensed entity interests.
  • Recognition of state-imposed limitations on the number and types of licenses an individual can hold.

Spousal and Family Plans

  • Insight into state-specific regulations, such as restrictions on multiple off-premise licenses.
  • Strategies for addressing limitations when spouses each have an interest in a licensed entity, ensuring effective transfer plans.
  • Advice on how trusts can be employed to navigate licensing-related challenges in estate planning.

Regulatory Considerations

  • Awareness of the disqualification of individuals with felony records from holding interests in licensed entities.
  • Understanding restrictions on individuals holding interests in different tiers (e.g., supplier/wholesale vs. retail) within the beverage-alcohol and cannabis industries.
  • Strategies for using trusts to address tied-house issues and achieve estate planning goals that might be otherwise restricted.

The Danow Group is ready to assist you and your advisors in navigating the complexities of transferring assets subject to regulatory and licensing requirements. We help ensure that your estate plan aligns with regulatory considerations, providing a seamless transition for licensed business interests.

Latest News

Stay informed on the critical current issues related to Wills, Trusts & Estates Law

New York State Allows Limited Sales By Package Stores To On-Premise Licensees. 

Starting on March 5, 2026, it will be legal for an on-premises retailer, licensed to sell such beverage, to purchase up to a total of six bottles of wine or liquor in a week from package stores, provided those package stores are licensed to sell the beverage in question. The wine or liquor purchased from […]

California Opens Door to Spirits Direct Shipping in 2026 — A One-Year Pilot Program

When California’s Assembly Bill 1246 (AB 1246) takes effect on January 1, 2026, it will mark a notable shift in how distilled spirits can reach consumers. Signed by Governor Gavin Newsom on October 3, 2025, the law gives both California craft distillers and certain out-of-state craft producers the opportunity to ship their spirits directly to […]

Exterior view of a large, well-lit building at dusk with a curved walkway, lawn, and landscaped garden.

New York Creates For-Profit Club Liquor License: A7040-B Signed Into Law

On August 22, 2025, Governor Kathy Hochul signed Assembly Bill A7040-B, creating a new liquor license category for for-profit membership clubs. The law, which takes effect on February 18, 2026, represents a long-awaited update to New York’s Alcoholic Beverage Control Law. Historically, only not-for-profit clubs—such as fraternal organizations or benevolent associations—could obtain a club license […]