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Trust and Estate Planning for Collectibles, Art and Other Unusual Assets


Art, collectibles, cars, jewelry and other unique assets, perhaps handed down for generations in a family, may form a large share a client's estate. Unlike more traditional assets, these non-traditional assets pose special challenges for planners.

There are issues of valuation – how do you value a painting, even by a well-known artist? – and liquidity. Though very valuable, these objects do not have liquid markets. There are also many issues surrounding the lifetime or post-mortem transfer of control of these assets, tax issues, and, in some instances, intellectual property issues.

These and many other issues can be fascinating but also frustrating.

This program provides a practical guide to trust and estate planning for art, collectibles, jewelry, and other unique assets.

  • Trust and estate planning issues for art, collectibles, jewelry, cars, and other unique assets
  • The problem of valuing unique objects
  • Liquidity and paying taxes and expenses for objects with great value but small markets
  • Irrevocable trust planning for art and collectibles
  • Lifetime and post-mortem charitable giving during the donor's lifetime
  • Succession planning for unique objects
  • Issues related to fractional ownership interests
  • Art executors and special powers of attorney
  • Estate administration issues

DETAILS
Phone/Audio
Wednesday, September 29, 2021
1:00–2:00 PM

SPEAKERS

  • Blanche Lark Christerson, Deutsche Bank Wealth Management, New York City
  • Jeremiah W. Doyle IV, BNY Mellon Wealth Management, Boston

PRODUCED
September 29, 2021

APPROVED CREDIT
North Carolina: 1.00 MCLE Hour

PROGRAM PRICING
See pricing below.