The Science of Owning Art: Tax Savvy Planning for Art Collectors
Tax Briefings 2016
Sullivan & Worcester will host a Tax Briefings seminar, "The Science of Owning Act: Tax Savvy Planning for Art Collectors," on October 26 led by panelists Joseph B. Darby III, Jeffrey E. Horvitz, Vice Chairman of Moreland Management Company and an avid art collector well known for his extensive collection of French old master drawings and paintings; Michelle DuBois, the New England Director at Winston Art Group, a leading independent art appraisal and advisory firm; Jill Arnold Bull, Vice President and National Fine Arts Specialist at Wells Fargo Insurance Services USA, Inc. and an expert at insurance and risk management for art collections; and Kelly Lora, Assistant Vice President, Sales and Marketing, Berkley Asset Protection.
The purpose of this program is to help art collectors and their advisors better understand how to maximize the economic value of an art collection - with a particular eye on savvy tax planning.
This seminar will cover a variety of important topics, including:
- Current trends in the art markets
- Sales and use tax planning on the sale and purchase of art
- How to sell and purchase art “tax free” by structuring the transaction as a “like-kind exchange”
- Tax-smart strategies for making gifts of art to museums and other charitable institutions
- Estate planning strategies for art collectors, including unique valuations problems raised by large art collections, art forgeries in a collection, so-called “blockage” and other cutting-edge issues
- The pros and cons of creating your own tax-exempt private museum
- Effective insurance strategies in connection with art collections
All of the Tax Briefings 2016 are complimentary. Attendees will receive 2 hours of continuing education credit. A CPE Certificate will be available to attendees at the end of each briefing.