Do you have a will, health care proxy, living will, and power of attorney? Basic estate planning is easily within the reach of anyone. Proper planning not only orders you personal or business life; careful and considerate planning sends a caring message to your loved ones.
Artists frequently have special needs in this area. An artist or collector, for example, may appoint an art executor in a Last Will and Testament specifically for the purpose of managing that part of the artist’s or collector’s estate that consists of works of art. The art executor presumably would have the special knowledge required to properly maintain or dispose of the artwork pursuant to the will. As another example, copyright, being the property interest that it is, may also be addressed in a will and it may be conveyed like any other property right separate from a work of art.