For many collectors, their interest in acquiring art is a passion. The formulation of a comprehensive succession plan for a collection is significant, important, and challenging. The presentation will provide a roadmap for the process and give consideration to building a professional team to facilitate the planning strategies.
Participants will learn:
- Importance of valuation and inventory of a collection
- Control v. Ownership of a collection
- Understanding elements of estate or income taxation and the need for liquidity
- The impact and question of charitable donations
Peggy M. Hollander is the founder and managing partner of The Succession Group. Under her leadership, The Succession Group has gained widespread recognition for its capabilities in creating innovative, customized, insurance-related wealth-transfer and multi-generational business succession plans for an exclusive roster of high-net-worth individuals, families, and affluent business owners.For more than 20 years Ms. Hollander has applied her professional knowledge and experience serving the needs of clients, providing advice and counsel regarding succession planning not only for financial assets, but for other valuables such as art collections. Embracing a collaborative approach, Ms. Hollander often works closely with established teams of professional advisors including attorneys, accountants, and investment advisors. She regularly speaks at national conferences and professional meetings on topics ranging from creative business development to charitable giving. Prior to establishing The Succession Group, she was a practicing CPA. In addition to her professional accomplishments, Ms. Hollander serves on the United Way Worldwide Planned Giving Committee; the United Way of Miami-Dade’s Board of Directors; and was a member of the United Way’s Alexis de Tocqueville Society. She also serves on the Board of Governors of the University of Miami Sylvester Comprehensive Cancer Center. As immediate past President of the University of Miami Citizens Board, she was a Trustee of the University of Miami Board of Trustees. Additionally, she is a member of the International Women’s Forum and an Executive Board Member of the Florida.