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Case Studies
Celebrated Estates
Jean-Michel Basquiat (1960-1988)
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 (1903-1970)
Mark Rothko’s estate involved one of the art world’s most infamous legal battles between his successors and his Foundation.
Pablo Picasso (1881 - 1973)
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.
Artistate Case Notes
Tax
No death taxes - home, studio and business preserved for spouse and child
Legacy Promotion
Promoting a Legacy – helping a struggling executor
Gallery Contracts
Renegotiating Gallery Contract - heirs get their fair share
Business Structure
Business Structure - bringing order and tax efficiency
Successful artist estate planning
The importance for the family of early attention to Inheritance Tax exposure and thoughtful family estate planning.