Date: Thursday, November 18th, 2021
Time: 8:30am-9:00am – Presentation
Speaker: Ladidas Lumpkins CPA, JD, LL.M., Partner-in-Charge of Private Wealth Services, Prager Metis
Seminar Description: The NCAA Board of Governors recently voted unanimously to allow college players to make money off of their name, image, and likeness. While groundbreaking in the context of amateur sports, the change was seen as a forgone conclusion, since several states had already acted to recognize this right.The state of New York, in particular, also made news recently in this area when it codified a descendible right of publicity. And there have been no shortage of headlines related to celebrity estates in conflict with the IRS regarding the value of a decedent’s name and likeness. What is the right of publicity? What state law applies? Is the right transferable? How is it valued? These are the questions that celebrities, athletes and their advisors must grapple with. And maybe everyone else, in a future where we all have our 15 minutes of fame.