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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

N.Y. Beer Franchise Rights and Improper Termination

Many states, including New York, have alcoholic-beverage franchise laws. These laws are intended to promote stability and fairness among suppliers and wholesalers.

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New Jersey’s Recycled Content Law and Alcoholic Beverages

New Jersey’s Recycled Content Law was enacted to stimulate recycling markets by requiring food and beverage manufacturers to meet recycled-content standards in their product packaging.

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How We Got Here

Governor Hochul and the New York Legislature empaneled the NYSLA Commission to Study the Reform of the Alcoholic Beverage Control Law.

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Attorney Advertising: The information you obtain at this site is not, nor is it intended to be, legal advice. You should consult an attorney for advice regarding your individual situation. We invite you to contact us and welcome your calls, letters and electronic mail. Contacting us does not create an attorney-client relationship. Please do not send any confidential information to us until such time as an attorney-client relationship has been established.
The Danow Group PLLC is the successor to Danow, McMullan & Panoff, P.C.
The Danow Group PLLC is a professional limited liability company formed under the laws of the state of New York.
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