Collecting Fine Art
A fine art collection holds both aesthetic as well as economic value, and can play an important role in helping you pursue your wealth planning and philanthropic goals. Care and management of this asset requires the knowledge of qualified specialists to help you make informed choices that fit into your overall wealth management strategy.
U.S. Trust is a leader in fine art lending, with specialists who understand credit and the art market. We lend against art for a wide range of purposes and work with a network of appraisers, auction houses and other art experts to simplify the lending process.
In addition, our wealth strategists understand both the emotional and financial impacts associated with fine art wealth transfer. They have extensive experience helping clients evaluate the various wealth transfer options available, from gifting artwork to a family member or friend, to donating it to a museum, to even starting a museum with an existing collection.
Always consult with your independent attorney, tax advisor, investment manager, and insurance agent for final recommendations and before changing or implementing any financial, tax, or estate planning strategy.
Credit facilities may be provided by Bank of America, N.A., Member FDIC, or other subsidiaries of Bank of America Corporation, each an Equal Opportunity Lender. All loans and collateral are subject to credit approval and may require the filing of financing statements or other lien notices in public records. Asset-based financing involves special risks and is not for everyone. When considering an asset-based loan, consideration should be given to individual requirements, asset portfolio composition, and risk tolerance, as well as capital gains, portfolio performance expectations and investment time horizon.
Bank of America, N.A. and U.S. Trust Company of Delaware (collectively the "Bank" do not serve in a fiduciary capacity with respect to all products or services. Fiduciary standards or fiduciary duties do not apply, for example, when the Bank is offering or providing credit solutions, banking, custody or brokerage products/services or referrals to other affiliates of the Bank.
AR84K3J5 | 8/2012