0419-te-aaa-breus.jpg

How to Help Clients With Sizable Collections

Determining the value of items is key.

Collecting fine art is a methodical personal tribute to a particular artist, an idea or a whimsy and can be a major part of a client’s life pursuits. Collections, however, can be pricey. Deloitte estimates that 400,000 collectors in the top wealth segments hold $1.6 trillion in art assets in private collections.1 According to the Internal Revenue Service, “collectibles” include works of art, rugs, antiques, any metal or gem (with exceptions), any stamp or coin (with exceptions),

All access premium subscription

Your subscription will include 12 months of Trusts & Estates magazine and access to premium content on WealthManagement.com.

Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish