Learn how families can equitably dividing assets with both emotional and monetary values. Read our tips for dividing art & collectibles published in The Journal of Estate & Tax Planning published by the National Association of Estate Planners & Councils.
In an interview for Northern Trust, Wealth Advisor Stacy Singer describes the nuanced and often challenging path to estate resolution when valuable, one-of-a-kind objects are passed down to heirs. She offers her four strategies for navigating wealth transfer involving valuable fine art and collectible objects, which align directly with our holistic approach to collection management. In this post, we drill down the four key elements of this wealth planning strategy for art.
Join host Dave Shuffett, the KET crew and our expert appraisers at the next Kentucky Collectibles Appraisal Fair at the Paducah Convention & Expo Center on Friday, June 23rd and Saturday, June 24th. Fine art appraiser Morgan Rigaud and decorative art appraiser Diane Wachs will be appearing from Bryson to value family heirlooms, flea market finds, original paintings, mystery objects, and whatever walks in the door - all to raise money for Kentucky Educational Television.
We make it easy to donate tangible objects to charitable organizations. Enjoy the philanthropic & financial advantages associated with non-cash charitable contributions without the hassle and create your legacy.
Gifts of valuable artwork can satisfy donor’s philanthropic and tax planning desires. Donors must familiarize themselves with the IRS requirements for documenting their contributions, clarify the terms of the gift upfront, and seek professional advice from tax planners and appraisers.
It's tax season, and you may have donated valuable tangible property to a University, museum or other qualifying not-for-profit institution in 2012. If you are seeking a tax deduction for donations of tangible property, it's important to keep these four things in mind when preparing your returns.
The Internal Revenue Service provides a tax advantage for those generous enough to give museums, universities, libraries and other qualifying institutions tangible property with relevant value. The gifts are referred to as Non-Cash Charitable Contributions and they exist in many forms. Before benevolently parceling out your personal collection of valuables, explore the requirements for taking advantage of this tax incentive.
