The Joan Mitchell Foundation is committed to preparing artists – as well as their families, loved ones, supporters, and representatives – for the business of organizing and protecting their legacy. Recognizing the need for greater resources on estate planning for artists, the Joan Mitchell Foundation (JMF) and the Arts & Business Council of Greater Boston (A&BC) have partnered to create informative and helpful workbooks for use by both visual artists and estate planning professionals.
Estate Planning Workbook for Visual Artists
In 2014, the partnership created and released the Estate Planning Workbook for Visual Artists. This workbook serves as a guide to understanding the components and the need for the basic elements of an estate plan, as well as addressing artist-specific concerns, issues, and opportunities relating to both their physical artwork and their intellectual property. 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
Estate Planning for Visual Artists: Workbook for Attorneys & Executors
In 2018, A&BC and JMF collaborated for a second time to produce a complementary workbook for estate planning attorneys and executors. The intention of this workbook is to provide a resource and framework for those working with artists, to alert them to possibilities and issues they might not have considered, and ultimately to enlarge the pool of estate planning attorneys with knowledge and experience in this area. This workbook features in-depth information on legal issues, such as intellectual property and estate vehicles, as well as chapters designed to acquaint the attorney with art-specific issues such as conservation, inventory, and working with art professionals.