The New York–based firm Art Legacy Planning, for instance, employs a combination of art advisers, art historians, art lawyers, and financial planners to help heirs mount shows, create comprehensive catalogues raisonnés, and pay the lowest possible taxes.
Art Agency Partners isn’t the only one to spot this opportunity. Last month, a new company called Art Legacy Planning launched a similar service, although it targets smaller artists and estates that might not yet be able to afford Art Agency Partners or be of interest to a major gallery.
ALP’s mission is to ensure that the work of all artists is protected, so it is dealt with in an appropriate manner as to secure the legacy of artists and collectors alike. The company aims to establish how the artists and collectors’ best interests are to be represented.
ALP aims to address everything from big-picture issues like promoting an artist’s legacy, to technical matters such as photographing and cataloguing work, to tax matters having to do with inheriting a sizable body of art.