As the market has abused those with substantial real estate holdings or stock portfolios over the past several years, many who hold their wealth in art find that their collection has become a substantial part of their estate.<\/p>\n
Sometimes, children want pieces of a collection, but many times they do not or they want pieces that have significantly different values.<\/p>\n
Putting children in charge of selling an art collection that they did not collect and do not know much about can create problems for the estate. The children parsing a valuable art collection could be forced to spend time and money understanding the value of a collection that the collector should have documented and settled long before passing it along.<\/p>\n
A conversation with an estate\u2019s beneficiaries needs to be open and honest. Children and grandchildren who are not in a similar financial place as their parents may fear that inheriting a $2 million art (more…)<\/span><\/a><\/p>\n","protected":false},"excerpt":{"rendered":" As the market has abused those with substantial real estate holdings or stock portfolios over the past several years, many who hold their wealth in art find that their collection has become a substantial part of their estate. Sometimes, children…<\/span><\/p>\n