When it comes to the world of art, its value goes beyond simple aesthetics or price. Art realizes a legacy for artists, collectors, investors, and dealers as well as for their loved ones. Stories of individuals such as James Gandolfini, James Brown, and Doris Duke serve as cautionary tales of what can happen when there is inadequate estate planning for art.
The care and responsibility for art includes physical, financial, and legal aspects. There are rational and emotional considerations when it comes to art, calling for attention to detail when it comes to estate planning.
Navigating The Complexities Of Art In Estate Planning