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https://www.artbusinessinfo.com/estate-planning-for-artists.html
Art Legacy Planning - A consulting and referral service committed to developing strategies for artists, collectors’ estates, as well as estate professionals. Artist Estate Studios, LLC - provide services to artists and the estates of artists in furthering their legacy Creating A Lasting Legacy: Estate Planning Workbook (Updated 2015)
https://www.format.com/magazine/resources/art/planning-your-estate-an-artists-guide
Jul 10, 2017 · We spoke to a lawyer who specializes in estate planning for visual artists about protecting legacies and avoiding legal battles. Genista Jurgens July 09, 2017 As an emerging artist, or even as a mid-career professional, planning for retirement probably isn’t at the top of your to-do list—let alone creating a will.Author: Genista Jurgens
https://www.antonlegal.com/blog/estate-planning-with-art/
Mar 03, 2021 · Art—whether rare paintings, photographs, sculptures, or other tangible works—is one of the hardest assets to estate plan for. The main reason why incorporating art into estate plans is difficult is because art is a very emotional asset, those who amass a substantial assortment of art are collectors not distributors, and cash flow complications.
https://www.artbusiness.com/estateplan.html
Finally, have a plan for what you want to happen with your art after you're gone, and make sure your descendents, executor and other relevant parties understand it. Major problems can result if art from an artist's estate when it is unclear who gets what work, or everything gets sold or dumped onto the market without a well-thought-out plan.
https://www.artworkarchive.com/blog/how-to-create-an-estate-plan-for-your-art-collection
When planning your art estate, you have three options: 1. Sell Your Collection. Selling art is more expensive than selling other assets. The capital gains tax on art and collectibles is 28 percent opposed to the usual 20 percent. You will also be responsible for paying a sales commission, taxes, and possibly shipping.
https://alj.artrepreneur.com/estate-planning-artists-collectors/
Jan 28, 2021 · Estate Planning for Artists If you’re becoming more and more successful as an artist and accumulating increasing amounts of your own art, then estate planning is essential to ensure that you’re not unnecessarily giving all of your money to Uncle Sam. But what’s the measure of success according to the IRS?
https://itsartlaw.org/2017/02/10/wywh-introduction-to-estate-planning-for-artists-in-your-art-will-outlive-you/
Feb 10, 2017 · Elisabeth Conroy, an Associate at Edward W. Hayes, P.C., started the stimulating presentation on estate planning for artists by giving an introduction to what a will is and followed up by providing the requirements for a valid and enforceable will. The five requirements are that (1) the will must be in writing; (2) must be signed by the person whose will it is, which is called a testator and they must be 18 years old; (3) signed at the end of the …Estimated Reading Time: 11 mins
https://wedlakebell.com/estate-planning-for-artists/
Dec 07, 2020 · 07 / 12 / 2020. Your estate is the product of your life’s work and includes the works you have produced as an artist. Careful estate planning is needed to make sure your artistic works are passed on efficiently and are not taxed unnecessarily. Wills and Letters of Wishes. A Will and accompanying Letter of Wishes is essential if an artist wants to direct who should inherit their …
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