Art and Antique Estates: A Guide to Planning for Life and Death

Explores three topics: the current art market; art as an investment while a client is still living; and estate planning for a client's art estate. Addresses issues associated with the current lack of art-specific estate planning. Part I addresses common fallacies that estate planning practitioners are likely to run into. Part II provides an overview of the art market as of 2011, espousing the viability of the market as a prudent investment vehicle. Part III looks at the options available to clients who wish to maximize the value of their collections for benefits while they are still living. Part IV sets out a framework to adequately plan for succession of a client's art estate. Also addresses the basic taxation issues that a client may face, but does not provide any specific calculations, as the tax code is ever in flux and tends to change year by year.