After Jean-Michel Basquiat’s tragic death in 1988, he left no will but 917 drawings, 25 sketchbooks, 85 prints, and 171 paintings.
Mark Rothko’s estate involved one of the art world’s most infamous legal battles between his successors and his Foundation.
Pablo Picasso died intestate leaving behind 45,000 artworks as well as considerable assets, causing his 6 heirs to enter into a complex and costly dispute.
No death taxes - home, studio and business preserved for spouse and child
Promoting a Legacy – helping a struggling executor
Renegotiating Gallery Contract - heirs get their fair share
Business Structure - bringing order and tax efficiency
The importance for the family of early attention to Inheritance Tax exposure and thoughtful family estate planning.