The Lifecycle of an Art Collector: Tax and Administrative Issues (OnDemand)

A collector of fine art will encounter numerous issues and planning opportunities regarding the taxation and administration of that art, from its initial acquisition, through the holding, sale, and gifting of that art during the collector’s lifetime, to the management and disposition of that art upon the collector’s death. Members of the Committee on Estate and Gift Taxation will offer a fast-paced journey through the lifecycle and beyond of the art collector and will cover topics of import to all collectors and their counsel.

In addition to covering estate planning for and with art, our expert panel will focus on such topics as spousal transfers, fractionalized ownership, the uses of trusts, and post-mortem sales of appreciated art. They will also address charitable planning, state sales and use tax questions, sale-leaseback transactions, and administrative issues after the collector’s passing. The panel will pay particular attention to the appraisal concerns inherent in each of the above-referenced topics.

Program Fee:
$99 for Member | $199 Nonmember

Jacqueline R. Connor
Barnes & Thornburg LLP

Darsi Monaco
Gurr Johns, Inc.

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

Kenley Stark
Withers Bergman LLP

10:00 am – 10:05 am
Introduction
Paul A. Ferrara

10:05 am – 10:20 am
States Sales and Use Tax Issues
Kenley Stark

10:20 am – 10:40 am
Estate Planning for and with Art
Jacqueline R. Connor

10:40 am – 10:50 am
Sale/Leaseback Transactions
Paul A. Ferrara, Darsi Monaco

10:50 am – 11:10 am
Charitable Planning
Paul A. Ferrara

11:10 am – 11:25 am
Administrative Issues at Death
Lauren J. Rocklin

11:25 am – 11:45 am
Appraisal and Compliance Issues
Darsi Monaco

11:45 am – 12:00 pm
Q&A
Panel

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

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