The Lifecycle of an Art Collector: Tax and Administrative Issues
Wednesday, March 13, 2024 | 10:00am – 12:00 pm
A collector of fine art will encounter numerous issues and planning opportunities regarding the taxation and administration of that art, from its initial acquisition, through the holding, sale, and gifting of that art during the collector’s lifetime, to the management and disposition of that art upon the collector’s death. Members of the Committee on Estate and Gift Taxation will offer a fast-paced journey through the lifecycle and beyond of the art collector and will cover topics of import to all collectors and their counsel.
In addition to covering estate planning for and with art, our expert panel will focus on such topics as spousal transfers, fractionalized ownership, the uses of trusts, and post-mortem sales of appreciated art. They will also address charitable planning, state sales and use tax questions, sale-leaseback transactions, and administrative issues after the collector’s passing. The panel will pay particular attention to the appraisal concerns inherent in each of the above-referenced topics.
Click Here to View Program Agenda & Faculty
New York: 2.0 Professional Practice
New Jersey: 2.0 General
California: 2.0 General
Pennsylvania: 1.5 General
Connecticut: Available to Licensed Attorneys
$99 for Member | $199 Nonmember
This program is free to Members who are Law Students, Recent Law Graduates, Newly Admitted Lawyers (admitted for the first time in 2022-2024), In-House Counsel, Judges, or Attorneys in Government, Academic or Not-for-Profit sectors.
Paul A. Ferrara, Managing Director and Wealth Strategies Advisor, Bank of America Private Bank
Sponsoring Association Committee:
Estate & Gift Tax | Kevin Matz, Chair
Information about our Financial Aid Policy and Application can be found here.