November 24, 2003
Trusts and Estates partner David McCabe appears on CNNfn’s Your Money to discuss options for devising valuable collectibles, such as art and jewelry, to one’s heirs.
Willkie Trusts and Estates partner David J. McCabe recently appeared on CNNfn’s Your Money to discuss options for devising valuable collectibles, such as art and jewelry, to one’s heirs. Mr. McCabe discussed crucial tax considerations, which could in effect double the value of the disposition. He explained to host Ali Velshi instances in which it is more practical to sell a valuable rather than deal with the complexities of achieving equalization among numerous beneficiaries. He also discussed pitfalls of bequeathing a single piece of property to more than one beneficiary to enjoy jointly as well as the importance of ascertaining an accurate valuation of assets during the planning process. David McCabe specializes in all aspects of estate planning and administration, with emphasis on the development of sophisticated plans for high-net-worth individuals and their families.
