Every artist, famous or not, should have an estate plan (just in case); after all, famous or not, we are all mortal. All too often, public appreciation (in more than one sense) of artists’ work increases upon their death.
This year, the Center for Art Law joins forces with Volunteer Lawyers for the Arts to bring you a panel of experts to address the fundamentals of estate planning for artists.*
In recent years, artists’ estates and foundations have gained latitude in the news wires, often due to their entanglements with the law—the issue of paying the Rauschenberg Foundation’s trustees and the recent copyright claims launched by the Warhol Estate are just two examples. From appraisal and authenticity to fiduciaries and foundations, the legal issues involved in preserving an artist’s legacy span the gamut.
Preceded by our signature wine and cheese reception, a group of experts will discuss important issues involved in creating an estate plan. They will explain the benefits of wills and trusts, the importance of record-keeping, the more nuanced issues of art appraisal and taxation, and considerations in establishing a foundation. They will offer insight on how to retain and manage tangible and intangible assets and increase revenue through licensing.
The evening is designed to provide a useful overview for emerging and established artists who are interested in preserving their legacies in a way that aligns with their values. If you haven’t considered your options before, this is a good starting point; if you are in the midst of the process of estate planning, this may offer helpful guidance. As you approach your final resting place, what will you do to ensure your art lives on?
Thursday, June 8, 2017, 6 – 8 pm
1 East 53rd Street, New York, NY 10022
*Please note VLA is only co-hosting this event. For more information, please contact Center for Art Law here.