Why Plan Art LLC
Imagine inheriting a house full of art that had been collected over a span of 60 years. That’s exactly what happened to me several years ago when my father passed. My parents had accumulated quite a collection of art over the years, and now my sister and I were heirs to their prized possessions which ran the gamut from mundane to museum quality.
While my parents bought works of art that they were passionate about, they had never really discussed their intentions with regard to the disposition of the art. My sister and I were forced to face the most difficult part of the decision around any inheritance of tangible goods… finding the right home for the works of art that my parents had treasured during their lifetimes.
I started Plan Art LLC to help other families engage in the discussion around transferring the art that they had spent their lives collecting and loving.
For most families, the conversation around the transference of family art takes place for the first time at the passing of at least one of the parents, or life partners. It can be a difficult discussion and often leads to decisions that are fraught with emotion, and not necessarily in the best interests of the family over the long term. Most families are not prepared to deal with the unique decisions that accompany inherited art and collectibles. Succession planning for a family’s art is a critical part of the estate planning process, and can help ensure that the legacy loved ones intend to leave is actually realized.
You’ve spent your life building, creating and collecting. Art is Legacy. Plan for it.
Contact Robin to begin the process – Robin@planartllc.com.