Handbook of Practical Planning for Artists, Art Collectors, and Their Advisors, Second Edition

    By Ramsay H Slugg

    Handbook of Practical Planning for Artists, Art Collectors, and Their Advisors, Second Edition

    Handbook of Practical Planning for Artists, Art Collectors, and Their Advisors, Second Edition

    By Ramsay H Slugg

    Addressing the two essential elements of art ownership -- planning for the art's eventual disposition and the practical considerations for collectors as they collect and plan for how it will be handled -- this book introduces a client-focused process to use when advising art collectors and the other professionals involved in these decisions.

    Handbook of Practical Planning for Artists, Art Collectors, and Their Advisors, Second Edition

    By Ramsay H Slugg

    Handbook of Practical Planning for Artists, Art Collectors, and Their Advisors, Second Edition

    Handbook of Practical Planning for Artists, Art Collectors, and Their Advisors, Second Edition

    By Ramsay H Slugg

    Addressing the two essential elements of art ownership -- planning for the art's eventual disposition and the practical considerations for collectors as they collect and plan for how it will be handled -- this book introduces a client-focused process to use when advising art collectors and the other professionals involved in these decisions.
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    Art is an asset of passion, as author Ramsay H. Slugg states, yet it also has unique and important financial characteristics. This makes art possibly the most difficult asset to incorporate into an overall estate and financial plan. Handbook of Practical Planning for Artists, Art Collectors and Their Advisors addresses two essential elements of art ownership: planning for the ultimate disposition of the art, including how to address the wealth represented by the art into any estate and financial planning, and also the practical considerations for collectors as they actively collect and plan for the art’s eventual disposition.

    After a brief discussion of the art market generally, the book introduces and explains a client-focused process I use when advising art collectors. This process includes explaining both the income, estate and gift tax consequences of various options, as well as the important and often emotional non-tax considerations of collecting and disposing of art. The book also discusses the role and importance of other advisors who are involved in these decisions, including art advisors, risk management professionals and appraisers. To better illustrate the material, the book features enlightening case studies.

    Product Details

    Authors

    Ramsay H Slugg

    Sponsors

    Section of Real Property, Trust and Estate Law

    Publishers

    ABA Book Publishing

    ISBN

    9781641052894

    Page Count

    184

    Product Code

    5431054

    Trim Size

    6 x 9 Paperback

    Publication Date

    1/7/2019 12:00:00 AM

    Authors

    Ramsay H Slugg

    Sponsors

    Section of Real Property, Trust and Estate Law

    Publishers

    ABA Book Publishing

    ISBN

    9781641052900

    Page Count

    184

    Product Code

    5431054EBK

    Trim Size

    6 x 9

    Publication Date

    1/7/2019 12:00:00 AM

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