A closer look The Fine Art of Transferring Your Treasured Collections

Jaclyn G. Feffer

Sep 16, 2019

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.

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Fiduciary Counsel
Jackie is responsible for working with clients and their advisors to develop practical and efficient wealth transfer plans, and for guiding the firm on fiduciary issues.