Overview (Program Summary)
A program hosted by:
ACC Mid-AmericaACC Mid-America Chapter and Shook Hardy & Bacon LLP
JOINTLY PRESENT
Protecting Your Investment: Key Concerns for Artists’ Trusts, Collectors, and Corporate Collections
Presented by:
Todd Ruskamp, General Counsel, Shook, Hardy & Bacon L.L.P & Rosemary Ringwald, Managing Director, Wealth Strategies Advisor, Bank of America Private Bank
Thursday, April 10, 2025
at
Nelson-Atkins Museum of Art, Room: Lens 2,
4525 Oak Street
Kansas City, MO 64111
11:30AM- Check-in and lunch begin
12:00PM – 1:00PM- CLE
1:00PM-2:00PM- Enjoy the museum
Program Description: Collectors, artists, and corporations alike share a common interest in careful planning to protect their art collections well into the future. Channah Norman, of Shook, Hardy & Bacon, will describe several recent high-profile art law cases that underscore the importance of such planning and the special considerations associated with art assets, including possible restitution and repatriation claims, artists’ moral rights protections in commission agreements, fakes and forgeries, and best practices in commercial art market transactions.
Rosemary Ringwald, the Head of Art Planning Services for the West Coast at Bank of America, will provide an overview of the important planning considerations for the long-term protection of an art collection. In particular, different tax implications apply to the sale of art from a collection, establishing a family trust, or making a charitable donation. Additional attention will be given to some of the challenges specific to art collections, including authentication, attribution, title, condition, fair market value, and provenance.
Course Outline:
- The Importance of Collection and Art Protection Overview (30 minutes)
- Special Considerations and Best Practices for Long-term Protection (25 minutes)
- Conclusion and Q&A (5 minutes)
We encourage members to bring an associate or colleague that may be interested in joining the ACC Mid-America Chapter. The Association of Corporate Counsel offers numerous benefits and resources to in-house counsel including CLE offerings and networking opportunities and we look forward to sharing that information with others in the field.
Click here to register by April 3, 2025
*Continuing Legal Education Credits pending in Kansas, Nebraska, and Missouri
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