The Life Cycle of an Artist: Tax and Administrative Issues (OnDemand)

Originally held on Wednesday, February 1, 2023 | 10:00 am – 11:45 am

Register for the OnDemand

Program Chair:
Paul A. Ferrara
Managing Director and Wealth Strategies Advisor, Bank of America Private Bank

  • An artist will encounter numerous issues and planning opportunities regarding the taxation and administration of his or her art, from its creation, through the holding, sale, and gifting of that art during the artist’s lifetime, to the management and disposition of that art upon the artist’s death. Members of the Committee on Estate and Gift Taxation will offer a fast-paced journey through the lifecycle and beyond of the artist and will cover topics of import to all artists and their counsel. In addition to covering estate planning for and with art, our expert panel will focus on such topics as:

    • Special considerations for artist’s estate plans, including the handling of nonfungible tokens (NFTs)
    • Lifetime vs. postmortem gifts
    • Intellectual property considerations
    • Charitable planning
    • Artist-funded foundations
    • State sales and use tax questions
    • Appointment of an art executor, trustee, or advisor
    • Administrative issues after the artist’s passing
    • Appraisal concerns

    Program Fee:
    $99 for Members | $299 for Nonmembers

  • Jacqueline R. Connor
    White & Case LLP

    Darsi Monaco
    Gurr Johns, Inc.

    Lauren J. Rocklin
    Managing Director, Senior Trust Officer, Bank of America Private Bank

    Kenley Stark
    Withers Bergman LLP

  • 10:00 am – 10:05 am
    Introduction of Topic and Panelists
    Paul A Ferrara

    10:05 am – 10:25 am
    Estate Planning for and with Art
    Jacqueline R. Connor

     10:25 am – 10:35 am
    State Sales and Use Tax Issues
    Kenley Stark

     10:35 am – 10:55 am
    Charitable Planning; Artist-Funded Foundations
    Paul A. Ferrara

     10:55 am – 11:15 am
    Administrative Issues at Death
    Lauren J. Rocklin & Kenley Stark

     11:15 am – 11:35 am
    Appraisal Issues
    Darsi Monaco

    11:35 am – 11:45 am
    Q&A

  • New York: 2.0 Professional Practice
    New Jersey: 2.0 General
    California: 1.5 General
    Pennsylvania: 1.5 General
    Connecticut: Available to Licensed Attorneys

  • Sponsoring Association Committee:
    Estate & Gift Taxation, Kevin Matz, Chair

    Sponsorship Opportunities are Available! Please Contact:
    Yelena Balashchenko, Manager, Business Development & Sponsorships | (212) 382-6608 | ybalashchenko@nycbar.org

Register for the OnDemand

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