» Illiquid Assets

A Million Dollars in Art, but No Money for a Burial?

April 11th, 2013
Despite Mr. Simpson’s collection of museum-quality art, some of it housed in the Manhattan gallery he owned, which is now under lock and key, his family said it lacked the money for a burial. A million dollars worth of art is quite a collection!… Read More
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Categories: Elder Law, Estate Planning
Tags: Art Collection, estate planning, Illiquid Assets

Valuation Discounts: The “Art” of Estate Planning for Artwork

April 4th, 2013
Artwork can be really valuable. Thus, it is hardly surprising that artwork will be a contentious matter in estate tax cases. When it comes to estate planning, determining the value of artwork can be disputable and very difficult to pin down. However,… Read More
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Categories: Estate Planning
Tags: Artwork, Estate Law, Illiquid Assets, Valuation, Valuation Discount