Legacy + Estate Planning
Resources + Articles
- Death & Taxes, Artists & Collectors Can Save Millions Through Careful Estate Planning
- The Politics of Legacy
- John Glick: A Legacy
- Painter Mel Leipzig Navigates the Art of Estate Planning
- What will Happen to Your Art After You Die?
- WYWH: Introduction to Estate Planning for Artists in “Your Art will Outlive You”
Joan Mitchell Foundation’s Creating A Living Legacy (CALL) initiative provides a comprehensive suite of resources to help artists create usable documentation of their artworks and careers, manage their studio inventories, and start the legacy and estate planning process.
More Resources in our FREE Crafting Your Legacy Guide!
No one knows the full story of your artistic career better than you—your artwork, your creative vision, your art-making process, and the professional activities through which you have shared your passion and talent.
To ensure that you have a say in how you are remembered, it is vital to have a plan in place that will serve as a guide to your heirs for protecting and preserving your artistic legacy. These resources can help demystify the work of estate planning—and help break down the tasks into doable steps.
Crafting Your Legacy is designed to be used either as a supplement to other guides on estate and legacy planning, or to initiate the process. The 20+-page workbook includes eight case studies, checklists, and resources to help studio artists think about and plan for the fate of their tools, equipment, materials, library, archives, and other art making assets as part of their creative legacy.
“This essential work is grounded in generosity.”
– Shervone Neckles-Ortiz, Manager
Creating a Living Legacy (CALL) Program and Artist Professional Development
Joan Mitchell Foundation
WHAT ARTISTS ARE SAYING ABOUT CRAFTING YOUR LEGACY
“After decades of helping artists in emergencies, CERF+ is now offering guidance in end-of-career strategy as well. This booklet is helpful to makers of all ages as they begin to understand the complexities of legacy and responsible estate planning. The diverse case studies are both personal and revealing and the emphasis on often-overlooked non-art assets is essential. The focus on tools is particularly meaningful as some of our most valued possessions are tools inherited from teachers and friends. These objects often come with ideas, techniques and stories.”
– David Stuempfle, Ceramicist
Seagrove, North Carolina
“I only wish I had one of these at the start of my career. While we were in art school, these types of things were not part of a curriculum, at least not for artists. But then when it came to finances, and I was an entry level and mid-career artist, I was still so preoccupied with making work and teaching that thinking about retirement was not a huge priority. I wish I had taken it more seriously. This information will hopefully help our younger artists to flourish. As it is this material has come just in the nick of time as I “plan my legacy” and so it’s very invaluable.”
– Wendy Maruyama
Furniture maker, artist +educator
San Diego, California
CERF+’s new resource, Crafting Your Legacy: Putting Your Non-Artistic Assets to Work in an Estate Plan, provides a high level overview of a seldom thought about but integral aspect of artistic practice. An artist’s tools, books, materials, research and other important studio contents are of great value. They can support, in fact, satisfy legacy objectives and also shed light on your own unique creative process and animate that journey.
Throughout my curatorial career, I’ve visited countless artists in their studios conducting interviews and critiques. Each experience provided needed exposure to and helped me develop useful perspectives on artistic ideation as well as creative and technical process. Over time, I came to appreciate the value that lay in preserving these unique creative journeys.
I recently received a Get Ready Grant. As a career woodworker for eight years, legacy planning was perhaps the last aspect I had not addressed professionally. Talking about legacy planning for artists is one of the least interesting aspects of my grant. You’d probably be more inclined to change the bag on the dust collector than involve yourself in this discussion!
Plainly stated, legacy planning is about what to do with your “stuff” after you’re gone. Your “stuff” comes in many forms from the artworks themselves, to the tools and materials necessary to make them. But, your “stuff” also includes intangibles you might not have considered.
Why put yourself through this agony? Three reasons:
- most obviously, it will reduce the administrative, physical, and legal burden you leave to family and friends when you’re gone,
- it can help preserve your reputation by protecting your name and works, and
- it can provide an incentive for clients to purchase more of your work now!
The Will to Create a Will
As a studio artist, I seldom think about my monetary legacy. I am pretty sure that I will never get to retire, at least in the typical American sense of the word. Since I love my work and feel a drive to create every day, I accept this fact. But I do try to think ahead to the future, when I may not have the ability to create as much, travel as far, or make as much money as I do now.
My thoughts on my “estate” changed when I had a child last year. Since I am in my late 30’s, hopefully I won’t need a will or living will anytime soon, but now there is someone to inherit my meager funds, someone who needs to be cared for in the event that something happens to me. When I found out about the Get Ready Grant from Craft Emergency Relief Fund (CERF+), I was presented with the opportunity to plan for the future. The Get Ready Grant provides artists up to $500 toward emergency preparedness, from flood-proofing a studio to estate planning.