According to a 2014 study by the Center on Wealth and Philanthropy of Boston College, an estimated $51.8 trillion (in 2007 dollars) in assets will be passed inter-generationally between 2007 and 2061.1 A good percentage of those assets will be tangible personal property, including art and other collectible assets. The foregoing estimate was based on the continuation of the then-$5 million federal estate tax exemption. With the passage of the Tax Cuts and Jobs Act of 2017 and the
Top 10 Mistakes Made When Planning for Art and Other Collectible Assets
Help your clients avoid these pitfalls.