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Webinar - Creating a Lasting Legacy, Estate Planning for Artists
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When: July 25th, 2018
12:00pm - 1:00pm
Where: United States

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Intellectual Property Law Section of the State Bar of Montana
Explorations Series – VI
Creating a Lasting Legacy, Estate Planning for Artists

Wednesday, July 25, 2018
12:00 pm – 1:00 pm

Artists, whether professional or amateur, create property that will statutorily outlive them. Artists need
help to protect their life’s work and legacy through careful estate planning. There are several reasons
why an estate plan is particularly important:
o Art is a unique physical asset
 monetary value
 reputation value
                                                significant personal and emotional investment
o Intellectual property ownerships comes with unique rights and responsibilities
o Family members will struggle to fulfill an artist’s wishes relative to studio space,
collected works, and equipment without clear instruction
o Planning should include budgeting for the cost of advisors, storage, studio space,
and disposition of the work.

Some of the topics we will cover include:
 Creating planning documents
 Techniques and procedures to inventory assets
 Helping flesh out legacy goals
 Consider and begin working toward charitable donations
 Identifying and cataloguing legal documents for safe keeping
 Places to look for help (agencies, professionals, software)
 Education and outreach to living artists

Who should attend:
‐ IP Attorneys
‐ Estate Planning Specialists
‐ Business Attorneys
‐ Tax Attorneys
‐ General Practitioners

Faculty Bios:

Jim Grace is the Executive Director of the Arts & Business Council. Previously he was the Executive Director of the Volunteer Lawyers for the Arts of Massachusetts (VLA) from 1998 until 2008, when it merged with the A&BC. Jim has experience working with artists and arts organizations in the areas of publishing law, public art, copyright, legacy planning, nonprofit incorporation and mergers, negotiation training, and artist live/work and nonprofit board issues. Jim was an adjunct professor for Boston University’s Masters in Arts Administration Program for over five years where he co‐taught a course on Legal Issues in Arts Administration. In addition, Jim is a working author, book editor, and publishing attorney. He is the co‐author of best selling The Worst Case Scenario Handbook: Golf. To date he has been involved in the publication of over eight books. Jim serves on the board of the Brookline Community Foundation and served on the board of the Associated Grant Makers and the Private Sector Council of Americans for the Arts. He is also a founding board member of the Arts Services Coalition and a former founding board member of the Fort Point Cultural Coalition.

Megan Low, Esq., served as the Director of Services for the Arts & Business Council/Volunteer Lawyers for the Arts program for five years. Megan holds a degree in Art History from Harvard University and is a graduate of Boston College Law School. Prior to law school, Megan graduated from Sotheby’s Institute of Art in New York and managed the art gallery at a nonprofit cultural center in Manhattan. She has also worked as an adjunct professor, travel writer, freelance grant writer for nonprofit arts and education groups, and producer of undergraduate theater.


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