How The Proposed Trump Tax Cut Would Favor Collectors

Eliminating the estate tax—an especially onerous burden where bequeathing art is concerned—would undoubtedly be cause for rejoicing among the wealthiest buyers. “That would be very good for art collectors because art is one of the most difficult assets to plan with for estate-planning purposes. It’s the asset that, in many estates, has appreciated very much in value.”

Article source here:Arts Journal