Life Is Short, Art Is Long: Maximizing Estate Planning Strategies for Collectors of Art, Antiques, and Collectibles

"Life Is Short, Art Is Long" is a must-read for collectors, their heirs, the charities they support, and the professional advisers who plan their estates. First edition reviews describe the book as the definitive guide for collectors, showing them how to use their art and antiques to free up cash for retirement, avoid the loss of value caused by a poorly planned auction sale, or create a fair distribution plan for their children. Michael Mendelsohn and co-author Paige Stover Hague, Esq. have amassed a team of experts, including art dealers, financial advisers, appraisers, and estate planners to show collectors how to answer that difficult question: "What is going to happen to your 'stuff' when you are gone?" This book is the only resource written for collectors, and other art and antique enthusiasts that illustrates estate planning strategies that maximize the value of art assets. Michael Mendelsohn's innovative art succession planning techniques show art and antique lovers how to plan for the future of their collection as they would any other asset, and reclaim as much as 70% of the asset value over conventional planning methods. All collecting enthusiasts, whether they collect impressionist paintings or PEZ dispensers, will profit from Mendelsohn's insights. Similarly, anyone who works for, or wants to attract new high net-worth clients, will open new doors by implementing the concepts written for financial advisers. With prolific media attention and skyrocketing prices for major works at the premier auction houses, collectors and advisers need to be aware of the other side of the spectrum-transferring this wealth and planning for the ultimate disposition of the art. Mendelsohn offers specific solutions for collectors who want to free up cash for retirement, benefit the causes that are important to them, or create a fair distribution plan for their children.