Art Collectors Discover Irrevocable Trusts

Posted by on Apr 11, 2016 in Blog Posts | No Comments

THE WALL STREET JOURNAL | by DANIEL GRANT A common estate-planning tool, the irrevocable trust, is increasingly being used for an uncommon purpose: It allows art owners to reap tax savings by transferring ownership of their paintings or other collectible objects, but keep possession so they can still enjoy them. First, the tax savings. Property […]