Art Succession Planning
Transcript of Art Succession Planning
Emerald art services
Presents…
Art Succession Planning
Photograph of Marcel Duchamp and Eve Babitz posing for the photographer Julian Wasser during the Duchamp retrospective
at the Pasadena Museum of Art, 1963ゥ 2000 Succession Marcel Duchamp, ARS, N.Y./ADAGP, Paris.
Art succession planning should be an iatrical part of the estate planning
process.
Fine art and collectible collections…
present their own unique opportunities for a collector to reduce current income tax, eliminate capital gains and estate taxation on art assets.
Collectors… Many of your high net
worth clients may be building large collections of art or collectibles as a passion, and do not view them as investments. Collectors will transfer art to successive generations buy simply “passing it on”, without notifying their trusted legal and financial advisors or understanding that it can actually cause serious tax problems for their future heirs .
Art Assets… When planning for
your clients' art assets, collectors and their advisors need specialized advocates. Emerald Art Services can provide the expertise needed to answer the specialized questions that art and collectible collections present.
Emerald art services
can assist you in identifying the collectors in your client base and providing you the expertise to successfully deal with the unique situations that Fine Art and Collectibles present in the estate planning process.