Synopses & Reviews
Life Is Short, Art Is Long is a must-read for collectors, their heirs, the charities they support, and the professional advisers who plan their estates. First edition reviews describe the book as the definitive guide for collectors, showing them how to use their art and antiques to free up cash for retirement, avoid the loss of value caused by a poorly planned auction sale, or create a fair distribution plan for their children. Michael Mendelsohn and co-author Paige Stover Hague, Esq. have amassed a team of experts, including art dealers, financial advisers, appraisers, and estate planners to show collectors how to answer that difficult question: "What is going to happen to your 'stuff' when you are gone?" This book is the only resource written for collectors, and other art and antique enthusiasts that illustrates estate planning strategies that maximize the value of art assets. Michael Mendelsohn's innovative art succession planning techniques show art and antique lovers how to plan for the future of their collection as they would any other asset, and reclaim as much as 70% of the asset value over conventional planning methods. All collecting enthusiasts, whether they collect impressionist paintings or PEZ dispensers, will profit from Mendelsohn's insights. Similarly, anyone who works for, or wants to attract new high net-worth clients, will open new doors by implementing the concepts written for financial advisers. With prolific media attention and skyrocketing prices for major works at the premier auction houses, collectors and advisers need to be aware of the other side of the spectrum-transferring this wealth and planning for the ultimate disposition of the art. Mendelsohn offers specific solutions for collectors who want to free up cash for retirement, benefit the causes that are important to them, or create a fair distribution plan for their children.
Synopsis
Lawyers, financial advisors and accountants frequently overlook planning opportunities available to collectors when discussing estate planning and the disposition of art and antiques assets. Life is Short, Art is Long: Maximizing Estate Planning Strategies for Collectors of Art, Antiques, and Collectibles by Michael Mendelsohn is the definitive resource for collectors and their advisors on art succession planning. Collectors will find they have a whole array of options allowing them to benefit their favorite charities and give more to their kids using the unique PowerGiftingT strategies discussed in this book. Mendelsohn has assembled a team of expert contributors from the legal, financial, insurance, and art worlds who offer a broad range of lifetime and post-mortem planning options. Using the planning vehicles that advisor teams work with everyday, Mendelsohn shows advisors how to layer and creatively use these tools resulting in a far bigger bang for the buck. Life is Short, Art is Long is a required resource for lawyers, CPA's, financial planners, museums, planned giving departments, colleges and universities, and anyone who has lovingly assembled a great collection of things they adore.
Synopsis
Life is Short, Art is Long is the definitive resource for collectors and their advisors on art succession planning. Collectors will find they have a whole array of options allowing them to benefit their favorite charities and give more to their kids using the unique PowerGifting strategies discussed in this book. Professional advisors will find this book an indispensable reference when they are working with high net-worth clients. The strategies and techniques detailed in this book show how to optimize the value of art and antique assets, reclaiming as much as 75 percent of the asset value over conventional planning approaches.
Synopsis
Life Is Short, Art Is Long is a must-read for collectors, their heirs, the charities they support, and the professional advisers who plan their estates. First edition reviews describe the book as the definitive guide for collectors, showing them how to use their art and antiques to free up cash for retirement, avoid the loss of value caused by a poorly planned auction sale, or create a fair distribution plan for their children. Michael Mendelsohn and co-author Paige Stover Hague, Esq. have amassed a team of experts, including art dealers, financial advisers, appraisers, and estate planners to show collectors how to answer that difficult question: What is going to happen to your 'stuff' when you are gone? This book is the only resource written for collectors, and other art and antique enthusiasts that illustrates estate planning strategies that maximize the value of art assets. Michael Mendelsohn's innovative art succession planning techniques show art and antique lovers how to plan for the future of their collection as they would any other asset, and reclaim as much as 70% of the asset value over conventional planning methods. All collecting enthusiasts, whether they collect impressionist paintings or PEZ dispensers, will profit from Mendelsohn's insights. Similarly, anyone who works for, or wants to attract new high net-worth clients, will open new doors by implementing the concepts written for financial advisers. With prolific media attention and skyrocketing prices for major works at the premier auction houses, collectors and advisers need to be aware of the other side of the spectrum-transferring this wealth and planning for the ultimate disposition of the art. Mendelsohn offersspecific solutions for collectors who want to free up cash for retirement, benefit the causes that are important to them, or create a fair distribution plan for their children.
About the Author
Michael Mendelsohn is Founder and President of Briddge Art Strategies Ltd., the premier art succession planning firm in the country. He is an art collector, philanthropist, lecturer, and writer on inheritance planning and preservation of assets. As philanthropists, Michael and his wife Gael have gifted select pieces to some of the most highly esteemed museums in the country. Michael is a sought after speaker on the artistic, tax-planning, and philanthropic needs of collectors and has presented at some of the nation's finest art and financial institutions. Michael's company has created innovative family philanthropic opportunities, helped fellow collectors become aware of their ability to keep collections intact, and advocated the development of more tax efficient art distributions to heirs and art institutions. Application of this strategy to their own private collection is a key reason why Michael and Gael were recognized by Art and Antiques as among America's Top 100 Collectors.