Art Business Info. for Artists
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​The Art Legacy

How to handle the disposal of art after death​

Proper planning prevents poor performance
Fantastically comprehensive resource on estate and legacy planning for the visual arts. Nicely compiled and some of it very up to date. Well done.
This section is about what an artist, an art collector - or their Executor - needs to know regarding Estate Planning and the management of an Estate including art BEFORE and AFTER the death of an artist or an art collector.

Contents

  • Estate Planning for Artists​
  • Estate Planning for Art Collectors
  • Famous Artists Estates
  • Artwork Inventory
  • After the Death of an Artist
  • Copyright and Resale Rights for Heirs
  • Art and Inheritance Tax
​​​This site highlights:
​
BEFORE DEATH
  • CHECKLIST of issues for artists to consider when planning the disposal of their estates
  • CHECKLIST of issues for art collectors to get to grips with prior to death
  • links to sources of helpful information and advice
AFTER DEATH
  • some of the difficulties which the estates of famous artists have experienced due to mistakes, omissions and poor estate planning
WOW! what a comprehensive resource!!!
Executors of artists' estates - who have little or no understanding of how the art world works - face major challenges both before and after death. 
  • What do you need to know and do if you are an Executor who knows nothing about art?
  • How do you minimise challenges for those who have to deal with the Estate of an Artist or Art Collector?
  • What's the best way of avoiding financial squabbles?
Too often these are issues which people find difficult and avoid dealing with - sometimes until it's far too late.
​This website seeks to address these issues in time to avoid problems!
What a great site. In-depth information on estate planning; the fact that is aimed at artists and art collectors is very interesting and a targeted area that I have not seen too readily before. Especially when investment in art is becoming more common place, it is great that this has been so informative to what might normally be quite confusing regarding asset protection. A very good read.
Comments relate to when this material was on another website
Banner Image: The Guggenheim Museum in Bilbao, Spain - designed by Canadian-American architect Frank Gehry. It was developed by The Solomon R. Guggenheim Foundation is a nonprofit organization founded in 1937 by philanthropist Solomon R. Guggenheim and his long-time art advisor, artist Hilla von Rebay. 
Picture
The Battle of the Pictures,1745 by William Hogarth
Before you start reading........
Bear in mind laws and taxes vary between different parts of the world. Often articles and books are written for a specific audience, particularly if the issue is about financial and legal matters. Therefore what might be an appropriate approach in one country or state might not be relevant in another.
This site does NOT attempt to differentiate between different countries or advice - I'll leave that to the professional experts. However you may well notice some similarities as to the basic principles about how to approach estate planning

READ my disclaimer in full at the bottom of the page

The Artist Estate:
A Handbook for Artists, Executors, and Heirs

by Loretta Wurtenberger

RATED:
  • 5 stars by 3 customer reviews (UK)
  • 4.7 out of 5 stars by 4 customer reviews (USA)
This handbook covers
  • options for legal frameworks
  • appropriate financing models,
  • proper handling of the market, museums, and academia.

​The author explains:
  • different alternatives for managing and maintaining an artist’s estate.
  • recommendations on how to handle artwork, archives, and mementos following the death of an artist.
Paperback: 304 pages
Publisher: Hatje Cantz
Published: August 2016

BUY THIS BOOK from:
The Artist Estate: A Handbook for Artists, Executors, and Heirs from Amazon UK
The Artist Estate: A Handbook for Artists, Executors, and Heirs from Amazon.com
About the author: Loretta Wurtenberger has a business (The Institute for Artists' Estates) which has advised on the setting up and execution of artists estates for many years - with a bias towards Germany. She studied law, philosophy and art history and earned her doctorate in international copyright and patent law at the Max Planck Institute. Subsequently she became the youngest ever judge at the Berlin district court. She manages artist's estates.

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Disclaimer: I'm not a professionally qualified expert in this area. However everybody has to start somewhere and the aim of this website is to get you thinking about the right questions to think about and ask if and when you need to get professional advice. The links contained on this website are those which could be found by anybody doing extensive research on the Internet. This is your shortcut to the hours it took me to put this site together!
ABOUT ART BUSINESS INFO. FOR ARTISTS
This website aims to provide a compendium of resources about the art business for artists. Please read "PLEASE NOTE"

It helps artists learn how to do better at being business-like, marketing and selling their art and looking after their financial security.
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PLEASE NOTE:
1) Content and the law change all the time. It's impossible to keep up with it if you're not working on the topic full time. 
​2) I research topics carefully. However, I am totally unable to warrant that 
ANY and/or ALL information is 
  • complete and/or
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  • all links lead to the most current information (at the time of writing)​
​3) Hence all information I provide comes without any LIABILITY whatsoever to you for any choices you make. 
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  • Home
    • Art Business Information Index
  • NEWS
  • PRACTICE
    • Starting Out - Tips
    • Being a Professional artist >
      • Working Lives of Professional Artists
      • Artists' Side Hustles
      • Artists' Residencies
      • Artists Unions
    • Best Art Business Books
    • Learning Opportunities >
      • Art Schools in the UK
      • Art Business Courses
    • Image Management for Artists >
      • How to photograph art
      • How To Scan Artwork
      • How to back up image files
    • Law for Artists >
      • Legal Matters
      • Data Protection for Art and Artists
      • Brexit Guidance for Art and Artists
    • Business Management for Artists >
      • Risk Management for Artists
      • How to spot Art Scams / Fraud
      • Life in an Art Market Recession
      • Coronavirus COVID-19 and Art
  • MARKETING
    • How to write an Artist's Statement >
      • What is an Artist Statement?
      • Why you need an Artist's Statement
      • TIPS How to write an artist statement
      • The Language of an Artist's Statement
      • What an artist statement should contain
      • Examples of Artists Statements
    • How to write an Artist's Resume or CV >
      • Social Media summaries
      • CV for Artists
      • Resume for Artists
      • Biography for Artists
    • How to sign a painting, drawing or fine art print
    • Business Cards for Artists
    • How to write a press release for an artist
    • The Private View Invitation
    • Publicity for Juried Exhibitions
    • Websites for Artists >
      • Why websites matter
      • Options for Websites
      • Web content for Artists
      • Web design for artists
      • Keeping Google Happy
      • Writing for the Web
    • Image & Video sizes for Social Media Sites
    • How to be mobile-friendly
  • SELL ART
    • Trading Law & Regulations for Artists (UK)
    • E-commerce for artists
    • Art Exhibitions & Competitions >
      • Juried Exhibitions & Art Competitions
      • Juried Art Exhibition Checklist for Artists
      • How to cost a juried exhibition entry
      • How to make labels for an art exhibition
    • A Guide to Art Agents and Consultants
    • A Guide to Art Dealers & Galleries >
      • How to find the right gallery
    • The Artist-run Gallery
    • The Vanity Gallery
    • Art Fairs
    • Alternative Options for Exhibitions
    • How to Sell Art from Home
    • Open Studios
  • FRAME ART
    • List of Recommended Picture Framers
    • Conservation Products
    • Framing for open exhibitions and art competitions
    • Framing Videos
    • How to hang a picture
  • SHIP ART
    • How to pack artwork >
      • How to pack and ship pastel paintings
    • Packaging materials
    • How to ship art internationally >
      • Rules of Origin
      • Export Licences for Cultural Goods
    • How to ship art to exhibitions
    • How to mail art - Post & Parcel Services
    • UK & Ireland: Art Transport Services
    • USA Art Transport Services
  • COPYRIGHT
    • Copyright and artists' rights
    • BASICS: Copyright Infringement and Fair Use
    • How to protect artwork online
    • How to do a reverse image search
    • What to do about copyright infringement - for artists
    • Global Conventions on copyright >
      • Copyright in the UK
      • Copyright in the USA
      • Copyright in Canada
      • Copyright in Australia
  • MONEY & TAX
    • How to work out profit from an art sale
    • How to Price Your Art >
      • How important is price when buying art?
      • Options for Pricing Art
      • Terminology and Formulas for Pricing Art
      • Art Experts on Pricing Art
      • How artists price their art
      • The price of affordable art
    • Payments to Artists >
      • Paying Artists
      • How to create an Invoice
    • VAT for Artists
    • Tax Tips for Artists >
      • Tax on prize money
      • UK Tax Tips for Artists
      • UK: Self-Assessment Video Tips
      • USA Tax Tips for Artists
      • Ireland: Tax for Artists
      • Australia: Tax Tips for Artists
    • Insurance for Art and Artists >
      • Insurance for Art Teachers
      • UK Insurance Policies for art and artists
      • USA & Canada: Insurance Policies for Art and Artists
    • Artists' Grants & Scholarships
    • Retirement and Pensions for Artists
    • The Art Legacy >
      • Estate Planning for Artists
      • Estate Planning for Art Collectors
      • Famous Artists Estates
      • Artwork Inventory
      • After the Death of an Artist
      • Copyright and Resale Rights after Death
      • Art and Inheritance Tax
  • About + Help
    • Would you like me to help?
    • Privacy & Cookies Policy
    • Contact