An art collector’s art collection can often comprise a significant portion of their net worth. Jeffrey Thomas will work with appropriate estate planning resources in reviewing the art wealth of the portfolio, especially given its unique liquidity, selling, tax and estate planning issues.
For many collectors, art is a passionate pursuit, not just a hobby. The thrill is often in the research and then the hunt. Art collecting is elevates the curious, and provides the introduction to connect to all of humanity through the acquisition of fine art.
Manage estate liquidation
Determine referrals to provide expert financial guidelines and tax advantage tactics
Provide strategic and transparent asset class management
Serve as clients’ advocate and fiduciary.
Document artwork provenance in a written standardized form with digital images.
Provide counsel for estate wealth transfer strategies of fine art
Develop programs for tax & estate planning
Establish & oversee Family Limited Partnerships (FLPs)
Manage value risk by reviewing collection diversification
Execute philanthropic visions
Negotiate art loans & advances
Execute auction or private sales