The Joan Mitchell Foundation is committed to preparing artists – as well as their families, loved ones, and supporters – for the business of organizing and protecting their legacy. Recognizing the importance and urgency in raising awareness within both the art and legal community around careful estate planning, we respect and acknowledge how vast and complicated protecting an artist life’s work can be and take into account the full scope of their professional practice including medium, intention, cultural context, personal values and financial circumstance.
For that reason, the Foundation has partnered with the Arts and Business Council of Greater Boston and Volunteer Lawyers for the Arts of Massachusetts to develop Creating A Lasting Legacy: Estate Planning Workbook for Visual Artists, a guide designed to be a practical tool for artists and/or their supporters to use when carefully assessing and identifying the unique estate planning needs and concerns specific to the visual arts.
The intention for this workbook is to be a comprehensive and user-friendly introduction to estate planning.The commonly used, technical terminology found in estate planning is supplemented by easy-to-understand language, pragmatic real-life scenarios and applicable action-steps to assist you in an efficient and effective manner. In addition, the workbook questionnaire provides a preliminary point for future education and conversation with an attorney in creating an estate plan that responsibly protects an artists’ life’s work and legacy.
The workbook includes information on many elements key to estate planning including:
- Legacy Vehicles
- Wills, Trusts, Power of Attorney, Healthcare Proxy and Living Will
- Choosing Your Personal Representatives
- Elements of Your Estate
- Talking With an Estate Planning Attorney
Download the Estate Planning Guide (1.7 MB.)
The Clark Hulings Fund produces The Thriving Artist Podcast, which recently featured the episode “Estate Planning for Artists and Collectors” with Jim Grace, Executive Director of the Arts & Business Council of Greater Boston, and co-author of the CALL Estate Planning workbook.