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July 22, 2008

A Portrait of Art As a Tax Deduction

A Portrait of Art
As a Tax Deduction
By MIKE SPECTOR
July 22, 2008; Page D1
Jon and Mary Shirley used to give artwork by the likes of Jackson Pollock, Mark Rothko and Alberto Giacometti to the Seattle Art Museum. No longer. A federal crackdown on deductions for so-called fractional gifts of art has made donating too onerous for them.....

Posted by Thomas Gallagher at 10:15 PM | | Comments (0) | TrackBacks (0)

July 17, 2008

When Public Art is orphaned

A WSJ article covering the issue of older public art

Posted by Thomas Gallagher at 10:17 PM | | Comments (0) | TrackBacks (0)

July 14, 2008

Family Money: When to Think About Tomorrow

Family Money
When to Think About Tomorrow
It's always good to have a financial plan. But some times are especially crucial.
By SUZANNE BARLYN
July 14, 2008; Page R4
Mapping your financial future can seem like an overwhelming task, especially if rising prices and a sputtering economy are straining your budget and battering your portfolio. It's enough to make you want to put planning off indefinitely.

Posted by Thomas Gallagher at 10:19 PM | | Comments (0) | TrackBacks (3)

July 06, 2008

Valuable artwork can be converted into liquid assets

From the Asheville, NC Citizen-TImes

Valuable artwork can be converted into liquid assets 

 

"The first thing is, you've got to determine what you have," he said.

Appraisers assess the value of art the same way real estate agents do houses - by comparing them to similar items and checking the prices they brought when sold. Appraisers are available in the Yellow Pages, on the Internet and from estate attorneys.

You'll want an appraiser who is accredited by the American Appraisers Association, the American Society of Appraisers or the International Society of Appraisers, said Milner. With an appraisal, you'll know how much it's worth when you offer it for sale, at an auction or online.

Posted by Thomas Gallagher at 08:55 PM | | Comments (0) | TrackBacks (0)

July 02, 2008

Stayin' Alive: How to Cheat The Estate Tax

TAX REPORT
By TOM HERMAN    

Stayin' Alive: How to Cheat The Estate Tax
July 2, 2008; Page D1
You still can't take it with you. But by timing your death, you can leave more of it to your heirs....

Posted by Thomas Gallagher at 10:17 PM | | Comments (0) | TrackBacks (1)


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