Art Legacy Planning

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As estate and legacy managers, Art Legacy Planning’s (ALP) goal is to maintain the artist’s creative voice and historical impact by introducing their work to curators, museum professionals, writers, gallerist, and collectors. In the case of a collection, we can advise on the best plan for continued maintenance or de-acquisition, whether as donations to public institutions or as sales for the benefit of the heirs. In instances where clients have their own team already in place, we will work with them providing expert consultation and direction. Keeping in mind each client’s circumstances are particular, ALP allows for dynamic and flexible workflows that are adaptable to the clients' professional needs in real time--whether they're collectors, estates or artists planning for the future. 

The process of determining the scope of work begins with a private consultation at which time ALP will review not only the nature of the estate but also the wishes and needs of the client. Once the goals are agreed upon we work with the client by identifying the key elements and stages that are required to produce a plan of action. Often numerous and varied steps are required in order to fulfill the wishes or goals of the client and here ALPs managerial support offers the ability to execute various aspects of strategic work simultaneously. Finally, we will work with the client and a team of professionals along with our industry networks for the plan’s implementation. towards a sustainable legacy or estate.

Our Services

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The estate of an artist or collector is comprised on many aspects and can’t be measured exclusively on the assets that make up the material estate. Often the creative voice behind the career of an artist or the nuances of a collector’s eye carry a viable value to collection of works which should be preserved.

Estate planning for an artist or collector is not merely a question of the distribution assets, it also entails creating a financial and artistic strategy in advance to carry on their legacy - which may include the creation of a foundation, a trust or a holding company. In all cases, ALP’s approach is to articulate a plan that ensures an artist or collector’s wishes are clearly communicated and are legally and financially sound, so they can be sustained by the heirs, executors and organizations entrusted with their legacy.

ALP also works with heirs and executors to create comprehensive management strategies, taking the artist’s or collector’s status and sensibilities into consideration. Through the careful analysis and the selection of the appropriate legal, financial, accounting, archival, academic and secondary-market partners, ALP provides an approach with the aim of sustaining the vision and values of the artists or collectors’ estates, by maintaining relevance through publications, exhibitions, and sales.


Strategic Planning

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ALP specializes in developing carefully considered strategic plans with the ultimate goal of achieving a sustainable infrastructure to support an estate. In addition to crafting the strategy plan ALP is able to act as an advisor to our clients for nearly all regions which form the fine art industry. Our advisory and referral services are part and parcel with estate and legacy planning.

We also works with and refers clients to a financial professional with the goal of establishing a sound estate plan. Financial planning evaluates the current fiscal situation of an artist, collector or estate to match their goals with the appropriate management of assets and investments. In planning or managing an estate there are many investments and management considerations with respect to a client’s risk profile, timeline for investment and expectations — this is why it is important to choose an appropriate investment strategy in the best interest of the client.

Working with appraisal and valuation experts, ALP also seeks to ensure proper authentication of artworks and determine a fair market value for each item within an estate. This information can then be used for tax purposes, help determine replacement value for insurance, or establish appropriate sale values all of which benefit the future of the estate.

Inventory, Collection & Archive Management

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The cataloging an artist’s body of work or a collector’s holding is essential for ensuring the context of a legacy or estate. A properly maintained catalog also functions as the repository for data, facilitates oversight and helps build prestige. ALP has a team of in-house registrars, and cataloguers who have the experience and skills to manage and advise on any cataloguing processes from a straightforward inventory of extant works (with images, details, provenance and condition reports), to producing a full catalogue raisonné for print or digital publication.

Archival organization and assessment is an important and often overlooked aspect of estates and collections planning. ALP’s archivists can organize and catalogue various physical and digital material of an estate or collection. If the archive is already organized, we can consult regarding de-acquisition or gifting it to ensure its conservation within an appropriate .