In an interview for Northern Trust, Wealth Advisor Stacy Singer describes the nuanced and often challenging path to estate resolution when valuable, one-of-a-kind objects are passed down to heirs. She offers her four strategies for navigating wealth transfer involving valuable fine art and collectible objects, which align directly with our holistic approach to collection management. In this post, we drill down the four key elements of this wealth planning strategy for art.
Shopping for Art and Valuables Insurance? Some Important Considerations
Owning unique, hard-to-value items and not insuring them is like passing up the curtain at a game show. You know something of value may be behind it, but you choose to take your chances on another shiny object. There’s always tomorrow for curtain number two.