Friday, March 25, 2011

Trusts and Estates

Because Adam Simon was speaking on a panel about "securing your artistic legacy, I went. Essentially, an artist secures their legacy while they are alive and creating. Artists do not typically become famous out of nothing after they die, they must be something while, again alive.

Adam, spoke about his Fine Art Adoption Network, and although we haven't done too much with it lately, it is there and continues to be a lovely way for artists and collectors to connect with one another through their work. Check it out.

A very accomplished and caring attorney by the name of Herbert E. Nass spoke on the nuts and bolts of securing one's artistic legacy. Mr. Nass recommended that all artists should have wills. Within one's will it is possible to have a trust for your art and an art executor that takes care of your art trust (it might be helpful to think of that word combination, poetically) when you die. An executor could be a curator and they should receive a salary for maintaining your legacy (your art trust), handling the placement of works, shipping details, any sales, catalogs, and exhibits.

Our pal Jason Andrew is essentially an art executor of Jack Tworkov's work, and appropriately he references to himself as the curator of the Jack Tworkov estate. He is a curator and much more since he handles art related details on other artists' lives, including Biala, Jack's sister.

It is wise for an artist to maintain relationships with institutions that already collect their work. Would any school you attended be interested in your art OR it's effects? For example, she's not dead yet, which she would be quick to remind me, but all of my mom's intricate and hand-made sumi brushes could have a loving and appreciative home some day (not anytime soon). Think wide, and edit your legacy, leave a clear vision behind, a view into you.

more below, ha, ha, or maybe not...
Thursday, March 24 - Get Expert Advice on...
Securing Your Artistic Legacy
6:30 Reception, 7:00
Discussion - Soho20 Chelsea Gallery, 547 W. 27th St., #301
Admission: $7 Adults, $3 Seniors/Students with ID
Join us March 24th for a panel of experts on....
Securing Your Artistic Legacy
Daria Dorosh, PhD, Artist, Professor, F.I.T. (Moderator)
Herbert Nass, Trust & Estate Lawyer serving artists
Adam Simon, Director, Fine Art Adoption Network
Douglas I. Sheer, Founder/Chairman, ArtistsTalkOnArt

Whether you're a "boomer" or younger, you want to be remembered as an artist & have a home for your art
after you're gone.
Get information about your options:
~ donating your art to nonprofit institutions ~
~ Creating wills & trusts ~
~ Researching & contacting organizations ~
Program organized by Daria Dorosh & Doug Sheer

No comments: