Art lawyers, fine art appraisers, business appraisers, estate planners as well as art collectors and museums have a meaningful stake in this precedent or precedents being made.
Does it rise to the level of a general POA and become includible in a gross estate?
A will and estate plan specifies the distribution of assets; more complex succession planning may include trusts and other structures to be passed to subsequent generations. But what about memories, ideas about mistakes to be avoided after...
One term, several meanings