Publications
Estate Planning In World Of Watch Collecting
Collectors can more effectively navigate the complexities of integrating watches into their estate planning strategies and appreciating he intricate balance between the financial and emotional value of watch collecting and its impact on estate planning. Watches hold significant financial and sentimental value and may prove to be strong investments in the coming years. Understanding their role in an estate is crucial.
The Art Of Managing A Collection
Management of artwork and other collectibles can be simplified by aggregating assets based on: 1.) the role that the owner plays for income tax purposes; 2.) the owner’s goals in life and at death. To manage collections effectively, we need perceptive market analysis with the ability to sort significant trends from fads, we need detailed expertise with income and estate taxes peculiar to tangible assets, and last but not least, we need to be sensitive to the feelings and emotions peculiar to the collector and heirs.
Own A $7 Million Trading Card? Time To Do Some Income Tax Planning!
Baseball cards, and other trading cards have had a surge in popularity. Finding and selling one of these valuable cards could be a great return! When you do, also need to think about income taxes when you sell artwork or collectibles. Your income from selling tangible assets, such as trading cards, is taxed differently than income or gains from other investments. How you own a collectible will control how much income tax you will pay on the gains from a sale.
What to Do When You Find Susan B. Anthony in Your Attic
You come across an item with great financial, social and historical value or realizing that you now possesses a long-forgotten cache of art or collectibles. What steps should you take to preserve assets or get the guidance to properly sell unique items?