Title: Life Is Short, Art Is Long: Maximizing Estate Planning Strategies for Collectors of Art, Antiques And Collectibles
Publisher: Acanthus Pub
Publication Date: 2007
Language: English
ISBN 10: 1933631317
ISBN 13: 9781933631318
Binding: Soft cover
Edition: 2nd Edition
Condition: Very Good

About this title

Synopsis

This new book is a must-read for professional advisors who represent collectors of art and antiques and the charitable organizations they support. Michael Mendelsohn s innovative PowerGiftingTM strategies reduce federal tax liability, create philanthropic capital and optimize intergenerational wealth transfer. He provides specific solutions for collectors who want to free up cash for retirement, avoid the loss of value caused by a poorly planned auction sale, or create a fair distribution plan for their children. This book is the definitive resource for professional advisors planning for the disposition of art, antiques and collectibles assets. Michael Mendelsohn shows you innovative approaches that involve layering and phasing of conventional estate planning tools that offer advisors and collectors an array of creative alternatives to accomplish the collector s intentions. The strategies and techniques detailed in this book will show you how to optimize the value of art and antique assets reclaiming as much as 70% of the asset value over conventional planning approaches. Mendelsohn has assembled a team of expert contributors from the legal, financial, insurance, and art worlds who offer a broad range of lifetime and postmortem planning options using the techniques that professional advisors work with every day.

About the Author

Michael Mendelsohn, founder and president of Briddge Art Strategies, is an art collector, philanthropist, lecturer, and writer on inheritance planning and preservation of art assets. He has been an invited speaker at the Smithsonian American Art Museum, Philadelphia Museum of Fine Art, Bank of America, U.S. Trust, Museum Trustee Association, Estate Planning Council of Philadelphia, New York State Society of CPAs, among others, on the artistic, tax-planning, and philanthropic needs of collectors.

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