Article on Transformations in the Art World for Estate Planners

Alan Breus recently published an Article entitled, A Year of Transformations: Recent Developments in the Art World that Estate Planners Should Know About, Tr. & Est. (Jan. 2017). Provided below is a summary of the Article:

This past year has been one of transformations: a government agency wishes to re-evaluate the operational definition of “public trust;” a precedent-setting case gave an artist the right to reject attribution to a work; art purchasers were handed a landmark decision designed to “clean up” the art market; and the Trump win may have some idiosyncratic effects on the investment potentials in the art market.