Please join this month's Professors' Corner webinar on:
Estate Planning for Art Collectors
Art is an asset of passion, which, along with its unique tax and financial characteristics, makes it perhaps the most difficult asset to plan with.
This program will address the unique tax and financial planning issues that art collectors face as they incorporate their collections into their personal financial and estate plans. The panel will also address the two core legal concerns in collecting art: authenticity and good title. These issues must be addressed regardless of the ultimate disposition of the art because of their direct impact on the value of the art.
The program will also cover special federal income, estate and gift tax rules that apply to art and other collectibles, whether the intended disposition involves a sale, gift or donation, and whether that disposition takes place during the life, or at death, of the collector.
Ramsay H. Slugg, Managing Director, U.S. Trust, Bank of America Private Wealth Management
Anne-Marie Rhodes, Professor of Law, Loyola University, Chicago