Loosening Standards for Charitable Property
A crisis may change long-held views. In reaction to the devastating economic effect of COVID-19 a couple of regulators have loosened their rules related to two different types of charitable property. Will these changes be temporary or will they lead to long-term change? And what effect does it have on estate donations?
Estate Donations that don’t get made
John Quinn was a corporate lawyer and Wall Street titan. A bachelor known for his many lovers, Quinn was also America’s first great modern art collector and tireless public champion. He was a friend of literary and art legends like Picasso, WB Yeats, and Joseph Conrad. Quinn died in 1924 of cancer with an 8-year-old Will. He was 54…
Estate Donations of Art
Fine art is an asset class that has been growing in importance among the affluent and is beginning to be a significant part of certain estate plans. One estimate pegged the international art market at €51 billion in 2014, and Canada has seen record prices at auction.