A closer look The Fine Art of Transferring Your Treasured Collections

Jaclyn G. Feffer

Sep 16, 2019
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In Brief

  • Collected with passion and love, art and collectibles can be a deeply meaningful legacy to hand down for generations to come.
  • Yet those emotions, and the illiquid nature of the assets, can add significant complexity to the process of transferring art or collectibles in a way that maintains family harmony and satisfies key financial goals.
  • These complexities make transferring a whole collection, or even one or more individual pieces, to the next generation especially challenging.
  • Whatever you envision as the next home for your art (with your family, with a museum or charity, or with an outside buyer), it’s vital to communicate your intentions with family members, appraisers, trustees, and others, and to build flexibility into your plans.

If you would like to read more of this article, please download the PDF via the link above.

Senior Fiduciary Counsel