This section covers:
"Dead artists leave two bodies: their own, and a body of work" |
Why plan for what people do with your art after you die?
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An artist wants to TRY to achieve three things when planning for what happens when they die:
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Some of the issues you may need to consider as an artist:
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If your art has value and or a value that might increase after your death, you need to think about and take professional advice from somebody who knows about the treatment of art and cultural assets in estate planning, wills and trusts
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Specifically:
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Unless you choose an expert to act as an executor for your artistic estate, whoever acts as Executor will need some advice. As an artist you may well be better placed to offer this than they are to find out what they need to do.
Issues Executors will need to deal with if your art has lasting value
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REFERENCE
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This is a NEW publication providing helpful insights into the importance of planning for the future in order to provide for loved ones and protect your artistic legacy.
The book is available as a FREE pdf file to download on submission of your email address to the RA - click the link in the title |
Contents of The Artist's Legacy
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REFERENCE:
The following are links to specific taxable schemes relevant to Estate Planning
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Art Law: The Guide for Collectors, Investors, Dealers & Artists
by Judith Bressler and Ralph Lerner Rated an average of 5* by 4 reviews Regarded as a "cornerstone reference for visual art professionals and their attorneys" - it includes chapters on estate planning for artists - and for art collectors (Relevant to the USA only)
BUY from Amazon.com
Art Law: The Guide for Collectors, Investors, Dealers & Artists |
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Includes:
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This is an American Handbook which is the product of a conference of artists seeking answers to some of the common problems which arise when attempting estate planning. It provides guidance across a wide range of topics in order to assist artists in planning their estates.
Both the core text and specific documents in the Appendices are available online as pdf documents (see right) You can also buy it as a book (see below) BUY from Amazon.com
A Visual Artists' Guide to Estate Planning
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Beware that the advice was compiled at the end of the 90s although some is of enduring interest and applicability and an update was done in 2008
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This website provides a compendium of resources about the art business for artists.
It helps artists learn how to do better at being business-like, marketing and selling art and looking after their financial security. |
Copyright Katherine Tyrrell | Making A Mark Publications - all rights reserved
If you've got any suggestions for what you'd like to see on this website please send me your suggestion
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PLEASE NOTE:
1) Content and the law change all the time. 2) Given the size and scope of this site I do NOT warrant that
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3) This website is free for you but not for me.
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