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
Wednesday, September 29, 2021
- Blanche Lark Christerson, Deutsche Bank Wealth Management, New York City
- Jeremiah W. Doyle IV, BNY Mellon Wealth Management, Boston
September 29, 2021
North Carolina: 1.00 MCLE Hour
See pricing below.