Artist Legacy and Estate Planning Clinic (Jun. 2023)

The Center for Art Law’s Artist Legacy and Estate Planning Clinic led an evening of low-cost consultations with attorneys, tax experts, and other arts professionals with experience in estate and legacy planning.

After a Keynote Address on Legacy and Estate Planning, each participating artist was paired with a Volunteer Professional for a confidential 20-min discussion.

Schedule:

• 5:30–6:00 PM EST: Keynote Address by Stanley E. Bulua
• 6:00–8:00 PM EST: participating artists will be paired with a Volunteer Professional for a confidential 20-min consultation. (Limited slots available)

Volunteer Professionals:

• Cynthia Pearson, Attorney
• Katherine de Vos Devine, Attorney
• Trace Brooks, Attorney
• Leslie Calero, Appraiser
• Galina Portnoy , CPA

Are you interested in becoming a participating attorney? Please contact us at clinic@itsartlaw.org.

About the Keynote Speaker:

Stanley E. Bulua | Attorney, Polsinelli PC

Stanley Bulua has been practicing law for more than 40 years and concentrates in the areas of ESOPs, estate planning, estate administration, and income tax. Stan’s ESOP practice involves the design, structure, negotiation, and documentation of complex ESOP transactions involving bank financing, seller financing through subordinated notes and warrants, stock redemption agreements, stock purchase agreements, and ESOP-exempt loan documents. He has vast experience in the design and implementation of ESOPs to deal with a broad range of business succession issues. Stan also has significant experience advising ESOP-owned companies on matters involving corporate governance and fiduciary responsibilities and has successfully represented ESOP companies and fiduciaries in connection with proceedings involving the U.S. Department of Labor and the Internal Revenue Service. Stan is well-recognized in the ESOP area and has lectured to professional groups on many aspects of ESOP practice.

In the estate planning area, Stan has advised his clients with respect to the use of sophisticated trust and estate planning techniques involving both lifetime and testamentary transfers. These techniques have included the use of complex wills, irrevocable trusts, qualified personal residence trusts, grantor retained annuity trusts, defective grantor trusts, charitable remainder trusts, family limited partnerships, and limited liability companies. Stan has also represented executors and trustees in the administration of trusts and estates and is well-versed in advanced post-mortem techniques of estate administration.

In the area of income taxation, Stan advises individuals, partnerships, trusts, limited liability companies, and corporations on income tax issues affecting their operations and businesses. He has also represented individuals and entities on contested tax matters.

Hosts:

The Center for Art Law is a Brooklyn-based research and education nonprofit that offers resources and programming for the advancement of a vibrant arts and law community. Through its website and monthly Art Law Blast newsletter, the Center disseminates information and keeps readers updated on art- and law-related news, events, cases, and publications. The Center facilitates conversations by hosting and participating in programs including conferences, workshops, and clinics for visual artists, film screenings, and more. Today a world-renowned asset to the art law field, the Center serves artists, attorneys, students and scholars of both disciplines, art market professionals, and members of the general public.

Frequently Asked Questions

Who may register?

• The 1:1 consultations that occur at the Clinic are suitable to any visual artist interested in planning for their future estate and legacy that has concerns about the process as a whole or where to start. Additionally, all are welcome to attend and listen to the Keynote Address.
• The Clinic best serves those artists who have no attorneys and are seeking a first-time legal consultation. If you already attended a session of the Visual Artists’ Legacy and Estate Planning Clinic, we encourage you to reach out to the attorney(s) you already met with (contact information is in the handouts distributed at the session).

How do I register?

• Pre-registration is mandatory for a $10 fee.
• Registration takes place through Eventbrite, where you will need to fill out a confidential intake form which will enable us to find you the assistance that you need.
• Dial-in details and other instructions will be emailed once registration has been confirmed; be sure to check your emails in the days leading up to the Clinic.

How do I prepare for the Clinic?

You can prepare a list of questions and concerns you have about planning your estate to discuss during the consultation.

What happens after the Clinic?

The Center for Art Law will be providing estate planning law guides and the contact information of the Volunteer Attorneys and Professionals participating in each session.

If you wish to pursue the conversation with the Volunteer Attorneys or Professionals participating in the session, you should reach out to them directly! The Center is not responsible for facilitating conversation post the clinical session.

VERY IMPORTANT:

• Attending this legal clinic does not create an attorney-client relationship.
• The information provided during the individual strategy session does not constitute legal advice.
• All the information shared during the Clinic will be kept confidential.

If you have any further questions, please write to clinic@itsartlaw.org.