On April 24, 2024, CLM partners Karen T. Schiele and Alison Powers Herman participated as panelists in a webinar presented by the Art and Collectibles Committee of the RPTE Income and Transfer Tax Planning Group of the American Bar Association, “TPP is IMPT! Accounting for Art, Collectibles and Other Tangible Personal Property in Estate Planning.” The panelists discussed potential issues and best practices associated with the disposition of tangible personal property and addressed the full arc of representation, from initial intake and conversations with clients, to purposeful and thoughtful drafting, to careful administration and final disposition of items. The lively webinar discussion challenged practitioner attendees to think more purposefully about tangible personal property throughout a planning and administration engagement.
