Kristin Abati and Renat Lumpau on Tax Discounts for Art Collectors

View "Elkins: A Double-Edged Sword?"

Kristin Abati and Renat Lumpau wrote “Elkins: A Double-Edged Sword?” in Trusts & Estates, where they discuss the Fifth Circuit’s decision that a prominent Texas art collector’s estate is entitled to substantial valuation discounts for owning fractional interests in art, and what this decision means for other collectors who would like to pass their artwork to the next generation.