Estate planning is a meticulous process, especially for clients with substantial art collections.

Estate planning is a meticulous process, especially for clients with substantial art collections. Beyond financial assets, these individuals must carefully consider the legacy of their artistic treasures. A comprehensive estate plan for art collectors involves appraisals, proper documentation, and strategic decisions regarding gifting or bequeathing artworks. Considering potential tax implications and the establishments of a dedicated art Trust or a Grantor Retained Interest Trust (GRIT) can further safeguard the value and integrity of the collection. Engaging experts who specialize in both legal and artistic domains ensures a seamless transition, preserving the cultural and financial significance of the collection for generations to come. In the realm of estate planning, art should be regarded not just as possessions but as a vital part of one's heritage, deserving of careful attention in the legacy-planning process.

If you have estate planning questions, give us a call at 253.858.5434 to see how we can be of service to you, your family, friends, neighbors, or coworkers. We represent clients throughout Washington and Idaho and are available to meet in person, by phone, or via video conference.