Estate Planning for Art Collectors: Structuring Disposition Plans for Artworks and Collectible Items
Navigating Valuation Challenges, Tax Planning Opportunities, Transfers and Post-Mortem Sale Considerations
Recording of a 90-minute CLE/CPE video webinar with Q&A
This CLE/CPE course will provide estate planners with a comprehensive guide to the estate and income tax planning issues specific to valuable artwork and collectible items within an estate portfolio. The panel will discuss the critical questions of verifying title, documenting valuation, and dealing with fractional ownership. The webinar will offer guidance on structuring disposition plans under various scenarios, both inter vivos and testamentary, to balance income and estate tax considerations with clients' passion for their collections.
Outline
- Valuation issues with artwork and collectibles
- Establishing title
- Inter vivos dispostions
- Post-mortem disposition plans
Benefits
The panel will review these and other key issues:
- What are the unique characteristics of art and collectible items from the collector's standpoint?
- Valuation considerations for artwork
- Charitable planning for collectors in post-mortem disposition transactions and structures
Faculty
K. Eli Akhavan
Partner
Steptoe & Johnson
Mr. Akhavan focuses his practice on tax and estate planning for high-net-worth US and non-US clients. He advises... | Read More
Mr. Akhavan focuses his practice on tax and estate planning for high-net-worth US and non-US clients. He advises domestic and international individuals and families with respect to tax and estate planning for their US assets and beneficiaries. Mr. Akhavan also advises cross-border clients on all aspects of international estate matters, including foreign trusts, pre-immigration and expatriation planning, and on planning for the purchase of US residential and investment real property. He has considerable knowledge of the reporting requirements applicable with respect to foreign financial accounts and assets and with respect to FATCA and its global equivalent, the Common Reporting Standards (CRS). Mr. Akhavan's practice includes advising clients on the formation of private trust companies for purposes of wealth management and privacy.
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Scott K. Tippett
Principal
Offit Kurman
Mr. Tippett focuses his practice on corporate, business, intellectual property, and tax issues for individuals,... | Read More
Mr. Tippett focuses his practice on corporate, business, intellectual property, and tax issues for individuals, families, and small to mid-sized closely held companies.
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