When a client’s family does not wish to inherit a collection or if its inclusion in the estate would create a significant tax burden, it is crucial to explore charitable giving options. Proper planning can help maximize the...more
A collection may hold deep personal significance for a client but may not carry the same sentimental or financial value for their heirs. It is essential to encourage clients to have open conversations with their heirs, as...more
Art and collectibles, while beautiful and culturally significant, can pose significant estate planning challenges. At the time of death, these assets are subject to estate taxes based on their fair market value. Without...more
1/21/2025
/ Art ,
Charitable Donations ,
Estate Planning ,
Estate Tax ,
Fair Market Value ,
Gift Tax ,
Limited Liability Company (LLC) ,
Tax Liability ,
Tax Planning ,
Trusts ,
Wealth Management