Lessons from celebrity-estate planning cases for advisors.
Celebrity Estates: Celebrity Tax Planning Adventures With Jim Henson and Michael JacksonCelebrity Estates: Celebrity Tax Planning Adventures With Jim Henson and Michael Jackson
Charles Lubar, retired senior counsel from McDermott Will & Emery, details the complexities in dealing with tax implications of projects involving the Muppets and Michael Jackson.
The entertainment industry is a world of buying, selling and competing for the right to use certain intellectual property and work in specific places. Managing the money, and, more importantly, the tax implications requires a deft hand.
In this episode, David Lenok speaks with Charles Lubar, retired senior counsel from McDermott Will & Emery, about his experience working with celebrity clientele and how he helped people like Jim Henson and Michael Jackson navigate tax strategies for their projects.
Chuck discusses:
How tax law impacts entertainment celebrities;
Examples of complexities in dealing with tax implications of projects involving the Muppets and Michael Jackson;
The problems with managing taxation and financial planning between US celebrity corporations and UK entertainment opportunities;
And more
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About Our Guest:
Charles Lubar is a graduate of Yale University and Harvard Law School and holds a Master’s Degree in taxation from Georgetown Law. For two-and-a-half years he worked in the Chief Counsel’s Office of the Internal Revenue Service in Washington, D.C. He spent thirty-four years as a partner for the global law firm Morgan Lewis. Lubar most recently served as a Senior Counsel at McDermott Will & Emery. Born and raised in Washington, D.C., Lubar spent two years as an entrepreneur in Nairobi, Kenya and has been a resident of London, England since 1971.
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