Originally presented on September 17, 2019
Art, collectibles, cars, jewelry and other unique assets, perhaps handed down for generations in a family, may form a large share a client’s estate. Unlike more traditional assets, these non-traditional assets pose special challenges for planners. There are issues of valuation – how do you value a painting, even by a well-known artist? – and liquidity. Though very valuable, these objects do not have liquid markets. There are also many issues surrounding the lifetime or post-mortem transfer of control of these assets, tax issues, and, in some instances, intellectual property issues. These and many other issues can be fascinating but also frustrating. This program will provide you with a practical guide to trust and estate planning for art, collectibles, jewelry, and other unique assets.
• Trust and estate planning issues for art, collectibles, jewelry, cars, and other unique assets"
• The problem of valuing unique objects
• Liquidity and paying taxes and expenses for objects with great value but small markets
• Irrevocable trust planning for art and collectibles
• Lifetime and post-mortem charitable giving during the donor’s lifetime
• Succession planning for unique objects
• Issues related to fractional ownership interests
• Art executors and special powers of attorney
• Estate administration issues
Speakers: Jeremiah W. Doyle, IV, BNY Mellon Wealth Management, Boston, MA and Blanche Lark Christerson, Deutsche Bank Wealth Management, New York, NY
NOTE: This program was originally produced as a telephone seminar and is available on demand in streaming audio. This material qualifies for self-study credit only. Pursuant to Regulation 15.04.5, a lawyer may receive up to six hours of self-study credit in a reporting year. Self-study programs do not qualify for ethics or elimination of bias credit.
|MCLE Form 9-17-19.pdf (87.2 KB)||Available after Purchase|
|Course Materials (343.9 KB)||Available after Purchase|
Please wait ...