Wills, Trusts & Estates Prof Blog

Editor: Gerry W. Beyer
Texas Tech Univ. School of Law

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Saturday, July 12, 2014

CLE on Managing the Art Portfolio

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The American Bar Association is holding a CLE entitled, Proactive Estate Planning: Managing the Art Portfolio to Maximize Value and Legacy, on July 17, 2014, 1:00 PM – 2:30 PM ET via webinar.  Here is why you should attend:

Join an esteemed art lawyer and renowned conservator as they:

    • Consider how security, revenue exploitation, intellectual property audits, licensing, archival maintenance, periodic condition analysis, and reports factor into the estate plan
    • Discuss environmental and relevant conditions to sustain asset value
    • Review the ethics of art portfolio management under museum, legal and conservation guidelines

Take a proactive approach to managing the art and antiques portfolio of the estate plan. Art, antiques, and furnishings are part of the investment portfolio, which are overlooked or inadequately managed during the lifetime of the testator and afterward. What are the benefits? Increasing values of art, antiques, and decorative arts in the market place; complexity of intellectual property rights in artworks, especially copyright and the licensing market potential of art; repatriation claims for antiquities; and conserving the art assets in accordance with industry standards to sustain market value and protect the integrity of the objects are all part of today’s art estate asset management.

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