Articles

Professional Appraisals Provide the Best Ammunition

Bonnie Kagan, New York Art Appraiser
publish Article: The Lawyers Weekly | October 19th, 2001

Introduction

Should you need to know the value of personal property, such as an art collection or even one single work, in order to determine a settlement for your client, it may be prudent to consult a professional appraiser, and get a complete certified Appraisal. In many family law situations, one needs to establish the value of personal property. Also, the very process of producing an forensic appraisal, with all the research, documentation, reporting on condition, compiling receipts, and so on, can help to sort out some property disputes.


Wills, Estates, Trusts, and Charities: Professional Advice for Estate Clients With Art Assets

Bonnie Kagan, New York Art Appraiser
publish Article: The Lawyers Weekly | April 9th, 2004

Introduction

If the estate you are handling has some real objects of art, you will either need to divide them equitably in some way, sell them off and liquidate, or donate them to charity for a tax deduction, or, a combination of these.

To keep everyone happy, the art objects should be redistributed in the optimal way, and it is best to retain an art professional to help assess the situation and recommend the best course of action, not just for all the art in the estate, but each individual piece.


When Donating Art to Charity

Bonnie Kagan, New York Art Appraiser
Published Article The Lawyers Weekly | November 23rd, 2001

Introduction

If you are thinking of making a charitable donation of your art, and want to receive a tax credit, you will need a Certified Appraisal.

The monetary benefits realized from donating these things can also go towards legal settlements, such as inherited estates, divorces or business disputes, because the donation provides the liquidity necessary for equitable division of the assets.

The first thing to do is to determine what you really have in hand. It would be a good idea to get the opinion of at least one professional art consultant, appraiser or dealer.