ยฎat
Junior Member
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October 2006
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Legacy
May 29, 2018 12:22:13 GMT 1
Legacy, by ยฎat on May 29, 2018 12:22:13 GMT 1, Say someone was to shuffle off this mortal coil, but with no spouse or descendants (aside from an evil ex-spouse, to be perhaps bequeathed a lump of coal).
Charitable causes would be thought of in other direct ways, but what could be instructed to be done with a carefully amassed personal collection containing some special/valuable/historically significant pieces? Perhaps some way for as many people as possible to enjoy some or all of the collection in the future?
Being deliberately somewhat vague here for a number of reasons, but nonetheless sensible suggestions and discussion welcomed.
Say someone was to shuffle off this mortal coil, but with no spouse or descendants (aside from an evil ex-spouse, to be perhaps bequeathed a lump of coal).
Charitable causes would be thought of in other direct ways, but what could be instructed to be done with a carefully amassed personal collection containing some special/valuable/historically significant pieces? Perhaps some way for as many people as possible to enjoy some or all of the collection in the future?
Being deliberately somewhat vague here for a number of reasons, but nonetheless sensible suggestions and discussion welcomed.
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Legacy
May 29, 2018 13:39:35 GMT 1
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Legacy, by Coach on May 29, 2018 13:39:35 GMT 1, You may consider it important to leave the collection to somebody, or some organisation, as ultimately, if someone dies with no beneficiaries, the estate passes to the state. Some may consider that to be a good thing, many will not. You may consider it a good idea to take some advice from a wills trusts and probate solicitor. I did, due to my particular circumstances, and it was not too expensive. I guess you could leave the collection to a public gallery. Though it may then just gather dust in the vaults. Perhaps a smaller public gallery, say one in a small town that you have an affinity to or connection with. They may be more minded to show the works, especially if they are better than their current collection. I guess you could put the collection into a trust, and appoint trustees that you trust to show the works. But itโs a big ask. Iโve referred to โyouโ in this post for ease, and appreciate that you may not be talking about yourself. Professional advice is prob the first step.
You may consider it important to leave the collection to somebody, or some organisation, as ultimately, if someone dies with no beneficiaries, the estate passes to the state. Some may consider that to be a good thing, many will not. You may consider it a good idea to take some advice from a wills trusts and probate solicitor. I did, due to my particular circumstances, and it was not too expensive. I guess you could leave the collection to a public gallery. Though it may then just gather dust in the vaults. Perhaps a smaller public gallery, say one in a small town that you have an affinity to or connection with. They may be more minded to show the works, especially if they are better than their current collection. I guess you could put the collection into a trust, and appoint trustees that you trust to show the works. But itโs a big ask. Iโve referred to โyouโ in this post for ease, and appreciate that you may not be talking about yourself. Professional advice is prob the first step.
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Icesay
Junior Member
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March 2010
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Legacy
May 29, 2018 13:49:25 GMT 1
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Legacy, by Icesay on May 29, 2018 13:49:25 GMT 1, If you need Legal advice my brother and sister in law are Solicitors.....happy to forward their details if you wanted to ask them if it's the sort of thing they could help with.
If you need Legal advice my brother and sister in law are Solicitors.....happy to forward their details if you wanted to ask them if it's the sort of thing they could help with.
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Trevorm
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August 2010
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Legacy
May 29, 2018 14:06:19 GMT 1
Legacy, by Trevorm on May 29, 2018 14:06:19 GMT 1, An intriguing position for somebody to be in.
I have no experience of such matters but suspect that it would be best resolved, in person, before the coil shuffling exercise takes place.
Apart from resolution before popping off - I do have a little experience of probate and it's vital that trusted or trustworthy executor(s) are appointed.
An intriguing position for somebody to be in.
I have no experience of such matters but suspect that it would be best resolved, in person, before the coil shuffling exercise takes place.
Apart from resolution before popping off - I do have a little experience of probate and it's vital that trusted or trustworthy executor(s) are appointed.
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silvermyn
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April 2008
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Legacy
May 29, 2018 14:44:45 GMT 1
Legacy, by silvermyn on May 29, 2018 14:44:45 GMT 1, Say someone was to shuffle off this mortal coil, but with no spouse or descendants (aside from an evil ex-spouse, to be perhaps bequeathed a lump of coal). Charitable causes would be thought of in other direct ways, but what could be instructed to be done with a carefully amassed personal collection containing some special/valuable/historically significant pieces? Perhaps some way for as many people as possible to enjoy some or all of the collection in the future? Being deliberately somewhat vague here for a number of reasons, but nonetheless sensible suggestions and discussion welcomed. Take them with you, that's what I'm going to do! Those pieces are mine...
Alternatively leave instructions for your solicitor to dispose of them at an auction house of your careful choosing. The public will get to see them and maybe even get a chance to own a piece or two. That way you can guarantee that the work's going to somebody who wants it and will look after it.
We're all merely custodians of the possessions we have amassed over our lifetimes. The most responsible action we can take is ensure that we pass them on to the best possible custodian we can find for future care IMHO. That's not always a spouse or dependant. Sometimes it's best to find a good home for art, if loved ones don't appreciate or share your taste, and leave them cash instead.
I break out in a cold sweat at the thought of my children's children taking my prints down to the tip one day because they've never heard of this guy called Banksy.
Say someone was to shuffle off this mortal coil, but with no spouse or descendants (aside from an evil ex-spouse, to be perhaps bequeathed a lump of coal). Charitable causes would be thought of in other direct ways, but what could be instructed to be done with a carefully amassed personal collection containing some special/valuable/historically significant pieces? Perhaps some way for as many people as possible to enjoy some or all of the collection in the future? Being deliberately somewhat vague here for a number of reasons, but nonetheless sensible suggestions and discussion welcomed. Take them with you, that's what I'm going to do! Those pieces are mine...
Alternatively leave instructions for your solicitor to dispose of them at an auction house of your careful choosing. The public will get to see them and maybe even get a chance to own a piece or two. That way you can guarantee that the work's going to somebody who wants it and will look after it.
We're all merely custodians of the possessions we have amassed over our lifetimes. The most responsible action we can take is ensure that we pass them on to the best possible custodian we can find for future care IMHO. That's not always a spouse or dependant. Sometimes it's best to find a good home for art, if loved ones don't appreciate or share your taste, and leave them cash instead.
I break out in a cold sweat at the thought of my children's children taking my prints down to the tip one day because they've never heard of this guy called Banksy.
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ยฎat
Junior Member
Posts โข 1,273
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October 2006
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Legacy
May 29, 2018 14:58:02 GMT 1
Legacy, by ยฎat on May 29, 2018 14:58:02 GMT 1,
I guess you could leave the collection to a public gallery. Though it may then just gather dust in the vaults.
That was a concern - it is sad to see major collections bequeathed, then cherry picked and sold off piece by piece, with a few pieces remaining in the vaults only never to be exhibited. I have also seen the ridiculous number of (amazing) stuff that they have in storage in places like The Broad, so even leaving gifting some of the pieces to somewhere like that perhaps would be a waste of time.
The flipside argument is that I shouldn't really care too much as I won't be able to do anything about after the fact.
I guess you could leave the collection to a public gallery. Though it may then just gather dust in the vaults. That was a concern - it is sad to see major collections bequeathed, then cherry picked and sold off piece by piece, with a few pieces remaining in the vaults only never to be exhibited. I have also seen the ridiculous number of (amazing) stuff that they have in storage in places like The Broad, so even leaving gifting some of the pieces to somewhere like that perhaps would be a waste of time. The flipside argument is that I shouldn't really care too much as I won't be able to do anything about after the fact.
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qest
New Member
Posts โข 612
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March 2018
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Legacy
May 29, 2018 15:40:16 GMT 1
Legacy, by qest on May 29, 2018 15:40:16 GMT 1, From US so rules might differ but:
You could establish a separate entity (trust or nonprofit) to circulate the pieces on loan with various galleries or museums. The biggest hurdle in this approach is the need for infrastructure (formation and, at the very least, someone to administer the entity) and the attendant cost. At least in the US, there are likely nonprofits that you could coordinate with to establish this kind of thing while minimizing overhead.
It's natural for people to care about this stuff after they're gone and it sounds like you have a good opportunity to create a legacy that will enrich the lives of others.
From US so rules might differ but:
You could establish a separate entity (trust or nonprofit) to circulate the pieces on loan with various galleries or museums. The biggest hurdle in this approach is the need for infrastructure (formation and, at the very least, someone to administer the entity) and the attendant cost. At least in the US, there are likely nonprofits that you could coordinate with to establish this kind of thing while minimizing overhead.
It's natural for people to care about this stuff after they're gone and it sounds like you have a good opportunity to create a legacy that will enrich the lives of others.
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coller
Junior Member
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April 2015
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Legacy
May 29, 2018 15:42:47 GMT 1
Legacy, by coller on May 29, 2018 15:42:47 GMT 1, Say someone was to shuffle off this mortal coil, but with no spouse or descendants (aside from an evil ex-spouse, to be perhaps bequeathed a lump of coal). Charitable causes would be thought of in other direct ways, but what could be instructed to be done with a carefully amassed personal collection containing some special/valuable/historically significant pieces? Perhaps some way for as many people as possible to enjoy some or all of the collection in the future? Being deliberately somewhat vague here for a number of reasons, but nonetheless sensible suggestions and discussion welcomed. definitely do something, otherwise they'll end up with the government who will likely auction them off.
i'd consider finding a trustworthy museum or gallery that you know genuinely loves the art. it may be possible to draft an agreement that they must be displayed for x number of years before the gallery can attempt to sell.
in which country are you based?
Say someone was to shuffle off this mortal coil, but with no spouse or descendants (aside from an evil ex-spouse, to be perhaps bequeathed a lump of coal). Charitable causes would be thought of in other direct ways, but what could be instructed to be done with a carefully amassed personal collection containing some special/valuable/historically significant pieces? Perhaps some way for as many people as possible to enjoy some or all of the collection in the future? Being deliberately somewhat vague here for a number of reasons, but nonetheless sensible suggestions and discussion welcomed. definitely do something, otherwise they'll end up with the government who will likely auction them off. i'd consider finding a trustworthy museum or gallery that you know genuinely loves the art. it may be possible to draft an agreement that they must be displayed for x number of years before the gallery can attempt to sell. in which country are you based?
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Legacy
May 29, 2018 17:41:12 GMT 1
via mobile
Legacy, by Daylight Robber on May 29, 2018 17:41:12 GMT 1, If you are UK based have you considered the National Trust?
Contact the Curatorial Records Officer at the National Trust, Heelis, Kemble Drive, Swindon SN2 2NA or telephone 01793 817400.
My understanding is that they may be able to find a permanent home to display it, or tour it around their properties.
If you are UK based have you considered the National Trust?
Contact the Curatorial Records Officer at the National Trust, Heelis, Kemble Drive, Swindon SN2 2NA or telephone 01793 817400.
My understanding is that they may be able to find a permanent home to display it, or tour it around their properties.
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hui
New Member
Posts โข 289
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October 2017
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Legacy
May 29, 2018 18:09:42 GMT 1
Legacy, by hui on May 29, 2018 18:09:42 GMT 1, Most galleries and musuems don't care for most collections. Some nonprofit will accept your donation, but they'll also ask for a sizeable monetary donation as well - at least in the USA.
Most galleries and musuems don't care for most collections. Some nonprofit will accept your donation, but they'll also ask for a sizeable monetary donation as well - at least in the USA.
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moron
Junior Member
Posts โข 2,711
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September 2017
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Legacy
May 30, 2018 21:58:38 GMT 1
Legacy, by moron on May 30, 2018 21:58:38 GMT 1, I wouldn't trust any curators of an art foundation and the art after what happened to Albert Barnes collection after his death.
I guess a sit's only art and I don't know if the OP's collection is valuable in financial terms or valuable in artistic terms. There is a lot of garbage selling for millions today because of the art world ongoing ponzi scheme and dealers etc.
If i was me i'd sell all the art and give the money directly to very poor people and also make a video of all the art collection and put it on youtube with oneself included in the video describing the art and also calling people one knew in life out for being ass holes and have the video posted on youtube the day of ones demise.
I wouldn't trust any curators of an art foundation and the art after what happened to Albert Barnes collection after his death.
I guess a sit's only art and I don't know if the OP's collection is valuable in financial terms or valuable in artistic terms. There is a lot of garbage selling for millions today because of the art world ongoing ponzi scheme and dealers etc.
If i was me i'd sell all the art and give the money directly to very poor people and also make a video of all the art collection and put it on youtube with oneself included in the video describing the art and also calling people one knew in life out for being ass holes and have the video posted on youtube the day of ones demise.
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