Estate Challenges for Artists & Art Collectors

Estate Challenges for Artists and Art Collectors

ABOUT THE PRESENTATION
These sessions explore the critical importance of integrating art collections into estate planning. Artists and collectors will learn strategies and best practices for cataloging, appraising, and ensuring a seamless transition of artwork to heirs or institutions and combining financial foresight with cultural stewardship. These sessions rely on precedent-setting real-world examples demonstrating that administering the estate of an artist brings with it a unique set of circumstances and considerations. There are definitely more challenges. On the upside, there are more stories, more joy, and more celebration.

IDEAL AUDIENCE
Artists, gallery professionals, arts groups, art collectors, entrepreneurs, intellectual property specialists, estates professionals (executors, estates lawyers, tax lawyers, accountants), retirement and succession planning experts.

SPEAKING TOPICS
• Preserve and Conserve: The Often-Overlooked Importance of Including Art in Estate Planning
• When an Artist Dies: Protecting the Legacy, Respecting the Work
• It’s Not Just About Money
• What Artists Need to Know About Estate Planning
• Thinking Ahead, Looking Back
• Spinning A Web: Creating a Network of Professionals 
• Eyes Wide Open: Facing the Future
• An Artist’s Guide to Planning

TAKEAWAYS/LEARNING OBJECTIVES
• Strategies for protecting the collection and retaining the value: plans, options
• Preparation: cataloging, appraising, and managing collections
• Handy Estate-Planning checklist for artists
• Unique skills and attitudes for administering an artist’s estate
• Understanding common mistakes and pitfalls
• Choosing a suitable executor for an artist’s estate
• Understanding Intellectual Property (IP) and copyright

TESTIMONIAL
“Donna brought clarity, understanding and appreciation to the whole area of arts, artists, and estates. I am super excited and now I know exactly what I have to do.” PR