Jordan Waxman | Law Firm Newswire

Fairfax, VA (Law Firm Newswire) November 23, 2015 – Art collectors are advised to think about the future of their art after they are deceased. According to Michael Delgass, managing director of Sontag Advisory, a financial planning firm in New York, as one’s art portfolio increases in value, it becomes a more important part of one’s tax and financial lives. Heirs may realize undesirable tax consequences, including heirs who are not relatives of the collector or those who are relatives of the collector but who are not art connoisseurs. Advisers state that it is challenging to quantify the value of […]

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