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

Handbook of Practical Planning for Artists, Art Collectors, and Their Advisors PDF Author: Ramsay H. Slugg
Publisher: American Bar Association
ISBN: 9781641052894
Category : Antiques & Collectibles
Languages : en
Pages : 0

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Book Description
Art is an asset of passion, as author Ramsay H. Slugg begins this invaluable resource, yet it has unique and important financial characteristics. These elements make art possibly the most difficult asset to incorporate into an overall estate and financial plan. This updated and expanded edition of 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 incorporate the wealth represented by the art into estate and financial planning; and the practical considerations for owners of the artwork as they actively collect and plan for the art's eventual disposition. Following a brief, general discussion of the art market, the author introduces and explains a client-focused process that can be used when advising collectors. Among the steps in the process includes explaining 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 discusses some charitable solutions available as these are often especially appealing options to many collectors and their advisors. As more artists achieve commercial success, their planning needs increase as the financial aspects of their work increases. Further, as artists often leave significant amounts of their work behind, inventory and legacy management become especially significant. This guide considers the unique issues involved when planning for artists, as well as the planning considerations and different tax rules that apply to self-created artwork rather than to capital assets, which is how works of art held by collectors and investors are classified. In addition to providing enlightening case studies, the book looks at the roles of other advisors involved in these decisions. This guide is written to appeal to all levels of knowledge, and accessible not only to trusts and estates professionals, but also for the collectors themselves as well as the many other professionals involved, including art advisors, risk management advisors, valuation advisors, and financial planners.

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

Handbook of Practical Planning for Artists, Art Collectors, and Their Advisors PDF Author: Ramsay H. Slugg
Publisher: American Bar Association
ISBN: 9781641052894
Category : Antiques & Collectibles
Languages : en
Pages : 0

Get Book Here

Book Description
Art is an asset of passion, as author Ramsay H. Slugg begins this invaluable resource, yet it has unique and important financial characteristics. These elements make art possibly the most difficult asset to incorporate into an overall estate and financial plan. This updated and expanded edition of 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 incorporate the wealth represented by the art into estate and financial planning; and the practical considerations for owners of the artwork as they actively collect and plan for the art's eventual disposition. Following a brief, general discussion of the art market, the author introduces and explains a client-focused process that can be used when advising collectors. Among the steps in the process includes explaining 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 discusses some charitable solutions available as these are often especially appealing options to many collectors and their advisors. As more artists achieve commercial success, their planning needs increase as the financial aspects of their work increases. Further, as artists often leave significant amounts of their work behind, inventory and legacy management become especially significant. This guide considers the unique issues involved when planning for artists, as well as the planning considerations and different tax rules that apply to self-created artwork rather than to capital assets, which is how works of art held by collectors and investors are classified. In addition to providing enlightening case studies, the book looks at the roles of other advisors involved in these decisions. This guide is written to appeal to all levels of knowledge, and accessible not only to trusts and estates professionals, but also for the collectors themselves as well as the many other professionals involved, including art advisors, risk management advisors, valuation advisors, and financial planners.

Handbook of Practical Planning for Art Collectors and Their Advisors

Handbook of Practical Planning for Art Collectors and Their Advisors PDF Author: Ramsay H. Slugg
Publisher: American Bar Association
ISBN: 9781627227254
Category : Law
Languages : en
Pages : 136

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Book Description
Art is an asset of passion, yet it has unique and important financial characteristics, making it possibly the most difficult asset to incorporate into an overall estate and financial plan. Addressing the essential elements of art ownership--planning for the art s disposition and the practical considerations for collectors as they acquire and plan for how it will be handled this book presents a client-focused process for advising art collectors and the other professionals involved."

Art Law

Art Law PDF Author: Ralph E. Lerner
Publisher:
ISBN:
Category :
Languages : en
Pages : 0

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Book Description


Estate Planning for the Muslim Client

Estate Planning for the Muslim Client PDF Author: Yaser Ali
Publisher:
ISBN: 9781641053266
Category : Distribution of decedents' estates (Islamic law)
Languages : en
Pages : 304

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Book Description
Meeting the muslim client -- Ethical, legal, and public policy issues -- Estate planning during life -- Planning for incapacity and death; powers of attorney, advance healthcare directives and funeral arrangements -- Disposition of property at death -- New drafting testamentary documents -- Planning for individuals and assets abroad

Roman Art

Roman Art PDF Author: Nancy Lorraine Thompson
Publisher: Metropolitan Museum of Art
ISBN: 1588392228
Category : Art, Roman
Languages : en
Pages : 218

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Book Description
A complete introduction to the rich cultural legacy of Rome through the study of Roman art ... It includes a discussion of the relevance of Rome to the modern world, a short historical overview, and descriptions of forty-five works of art in the Roman collection organized in three thematic sections: Power and Authority in Roman Portraiture; Myth, Religion, and the Afterlife; and Daily Life in Ancient Rome. This resource also provides lesson plans and classroom activities."--Publisher website.

Art Collecting Today

Art Collecting Today PDF Author: Doug Woodham
Publisher: Allworth
ISBN: 9781621536376
Category : Antiques & Collectibles
Languages : en
Pages : 0

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Book Description
An insider's guide to buying, collecting, and selling art from an insider of Christie's Grounded in real-life stories, Art Collecting Today is the essential practical guide to today's art market. A lightly regulated industry with more than sixty billion dollars of annual sales, the art market is often opaque and confusing to even the most experienced collectors. But whether a seasoned collector, an uninitiated newcomer, or an art-world insider, readers will learn within these pages how the art marketplace works in practice and how to navigate it smartly. Those who may have been put off by art-world practices will finally feel they have the knowledge needed to participate freely and fully, and collectors will be able to pursue their passion with more confidence. Important topics covered include: How to evaluate, buy, and sell art while avoiding costly mistakes and time-consuming roadblocks How the market works in practice for essential artists like Ren? Magritte, Christopher Wool, Amedeo Modigliani, and Yayoi Kusama How collectors can be taken advantage of, and the actions they should take to protect themselves Why tax laws in the United States reward "art investors" yet penalize "art collectors" How cultural property laws impact the market for works by such artists as Frida Kahlo and Andy Warhol Advice for new and prospective collectors Informed by close to one hundred interviews with collectors, lawyers, art advisors, gallerists, and auction specialists in the United States and Europe, as well as by the author's own experiences, Art Collecting Today offers a lively and thought-provoking analysis of the day-to-day workings at play today in the fine art marketplace.

The Art Collecting Legal Handbook

The Art Collecting Legal Handbook PDF Author: Bruno W. Boesch
Publisher:
ISBN: 9780414057265
Category : Art
Languages : en
Pages : 429

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Book Description
"Collecting, buying, selling, preserving and promoting cultural goods, whether fine art, archaeological objects or decorative arts, is now global. Oddly, rules and practices have remained very local, save for ICOM's efforts at the institutional level and UNESCO's endeavours to help preserve national cultural heritage and combat illicit trafficking. This book is designed to help the collector and their advisers navigate the maze. Each chapter of The Art Collecting Legal Handbook will address a number of issues from the perspective of a different jurisdiction. The format of the chapters will follow a questionnaire thus enabling readers to make quick and accurate comparisons." -- Product description.

An Estate Planner's Guide to Family Business Entities

An Estate Planner's Guide to Family Business Entities PDF Author: Louis A. Mezzullo
Publisher:
ISBN: 9781641056533
Category : Estate planning
Languages : en
Pages :

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Book Description
"This fourth edition to An Estate Planner's Guide to Family Business Entities brings the second edition current through December 1, 2019 and is designed for the estate planner who is considering the most appropriate way to achieve his or her client's goal of transferring wealth to younger family members. Although it covers both tax and nontax considerations, its major emphasis is on the tax considerations, covering choosing the business entity and comparing the various entities that are available; highlighting recent developments concerning choice of entity; covering the application of the special valuation rules and other transfer tax issues, as well as the use of a grantor retained annuity trust to reduce the value of the gift when transferring an interest in a family-held entity, are discussed"--

Discipline-Based Art Education

Discipline-Based Art Education PDF Author: Kay Alexander
Publisher: Getty Publications
ISBN: 0892361719
Category : Art
Languages : en
Pages : 346

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Book Description
This sampler was designed for art specialists and art museum educators with a basic understanding of teaching discipline-based art education content. The introduction offers a brief history of the Sampler and explains its intended purpose and use. Then 8 unit models with differing methodologies for relating art objectives to the four disciplines: aesthetics, art criticism, art history, and art production, are presented. The sampler consists of two elementary units, two units for middle school, two units intended for required high school art, one high school studio ceramic unit, and a brief unit for art teachers and art museum educators that focuses on visits to art museums. Learning activities, resource material, and learning strategies are given for the units along with a sequence of lessons organized on a theme.

Domestic Asset Protection Trusts

Domestic Asset Protection Trusts PDF Author: Alexander A. Bove (Jr.)
Publisher:
ISBN: 9781641059336
Category : Self-settled trusts
Languages : en
Pages :

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Book Description
"This book offers background and overview on Domestic Asset Protection Trusts by state"--