Art collections are often international, and so too must be the approach to their planning. As such, estate administration regarding an asset like art requires a nuanced approach, acknowledging its cultural value alongside the legal and financial implications.
The 30th Edition of Oxford University Press' Trusts & Trustees journal has been published, featuring an article written by Mishcon Private's Patrick Harney (Partner) and Olivia Lines (Trainee Solicitor). The article explores the complex nature of navigating international estate planning, UK inheritance tax considerations and the need for specialist executors who understand the art world's unique demands.
Read the article in full.