font-size: 18px; font-family: 'Minion Pro'; "> Our cover this month, “Pensive” (40 in. by 30 in.) by Guy Coheleach, sold for $19,890 at the recent Jackson Hole Art Auction in Jackson, Wyo. on Sept. 14, 2013. A world-renowned wildlife painter, Coheleach is well known for his numerous adventures in Africa.
Though he now travels to the continent roughly five times a year, his first trip was in 1966 as a prize for winning his division in the Winchester National Trap and Skeet Championship. In 1972, a video of Coheleach being run down by an elephant in Zambia achieved national notoriety and was featured on every major network. He’s since been profiled in a PBS special, two documentary films and numerous articles in publications ranging from Reader’s Digest to National Wildlife Magazine.
Even though not everyone can be a world traveler, advisors should still be aware of the various estate and gift tax laws in different jurisdictions, be they other states or even other countries. Nobody wants his client to be mauled by an unexpected Zambian estate tax elephant, after all.