Art Law Lunch Talk: Covering Your Basis, Taxes and Appraisal for Art

appraisals, estates, tax, art law, event

A tax attorney and an art appraiser explain the dos and don’ts of transferring artworks from an artist or collector estate and more.

What is “legacy” in the context of estate planning? When art becomes an asset, what should the owner consider when planning to transfer this asset to another owner? Legacy and estate planning where art is concerned raise many questions and call upon many experts, including a tax lawyer and an appraiser, to provide expertise.

Join us for a program with tax attorney Pamela L. Grutman, a partner at Olsoff | Cahill | Cossu LLP, and Evie T. Joselow, PhD, a qualified appraiser, to discuss how they think about transfers of art assets for estate planning purposes. The panel will be moderated by Irina Tarsis, attorney, founder and managing director of the Center for Art Law.

This event is co-sponsored by the Fordham Art Law Society.

Pamela L. Grutman, Partner, Olsoff | Cahill | Cossu LLP

Pamela L. Grutman advises high net-worth individuals, small businesses, and fiduciaries in the arts community on sophisticated trust and estate planning, estate administration, and succession planning for the long-term preservation of artistic and philanthropic legacies utilizing trusts, family partnerships, and nonprofit organizations. She counsels artworld clients on all types of art transactions, with a focus on sales and income tax consequences. She has worked with living artists and collectors to form nonprofit organizations as part of ongoing estate planning processes, including filing the necessary tax-exempt paperwork with the Internal Revenue Services and appropriate state agencies and advising executors and boards of directors on changes in corporate structure, board composition, and governance issues. Pamela is admitted to practice law in New York, New Jersey, and Florida, with a LL.M. in Taxation from NYU School of Law and a J.D. from the Benjamin N. Cardozo School of Law.

Evie T. Joselow, Appraiser at The Art of the Appraisal

Evie T. Joselow has spent her entire career working in various capacities in the art world. She has acquired, curated and managed art collections, most notably the Forbes Magazine Collection, and has advised on a variety of art-related projects, including artists’ estates and provenance research. As the Chief of Research at the Commission for Art Recovery, she took a leading role in the restitution and recovery of art looted by the Nazis, successfully locating more than 90 works of art. Dr. Joselow has taught on the faculties of New York University, Pratt Institute, the New York School of Interior Design and the Sotheby’s Institute of Art, and maintains a full roster of writing, teaching and lecturing on appraisal practice and the history of art, architecture and design. Dr. Joselow holds a PhD in Art History from The Graduate Center, City University of New York, a Masters of Public Administration from Baruch College, and a B.A. from Vassar College. She is a Certified Member of the Appraisers Association of America, a member of ArtTable, the American Association of Museums, and serves on various community service organizations and art-related advisory boards.

Irina Tarsis, attorney, founder and managing director of the Center for Art Law.

Course Materials