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</o:shapelayout></xml><![endif]--></head><body lang=EN-US link=blue vlink=purple><div class=WordSection1><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Arial","sans-serif"'>Hi John – <o:p></o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Arial","sans-serif"'><o:p> </o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Arial","sans-serif"'>Thanks for the response. This is niggling at me because of estate tax – he’s pretty much just curious – but I’m hoping to put more behind my advice to him than just my gut!<o:p></o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Arial","sans-serif"'><o:p> </o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Arial","sans-serif"'>I’m wondering about the interplay between estate planning considerations for him and some direction to give his daughter when the time comes to settle his estate. IE: Is it better to get a professional valuation now or then? <o:p></o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Arial","sans-serif"'><o:p> </o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Arial","sans-serif"'>Additionally, I’m not sure how pressing an issue this is from a practical standpoint. His work has been used by the likes of National Geographic, National Parks Service, and in several nature books, but I don’t think we’re talking dollar value of Ansel Adams here…..<o:p></o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Arial","sans-serif"'><o:p> </o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Arial","sans-serif"'><o:p> </o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Arial","sans-serif"'><o:p> </o:p></span></p><div><div style='border:none;border-top:solid #B5C4DF 1.0pt;padding:3.0pt 0in 0in 0in'><p class=MsoNormal><b><span style='font-size:10.0pt;font-family:"Tahoma","sans-serif"'>From:</span></b><span style='font-size:10.0pt;font-family:"Tahoma","sans-serif"'> wsbapt-bounces@lists.wsbarppt.com [mailto:wsbapt-bounces@lists.wsbarppt.com] <b>On Behalf Of </b>John Creahan<br><b>Sent:</b> Tuesday, January 24, 2017 5:24 PM<br><b>To:</b> WSBA Probate & Trust Listserv<br><b>Subject:</b> Re: [WSBAPT] Artistic Assets<o:p></o:p></span></p></div></div><p class=MsoNormal><o:p> </o:p></p><div><div><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Calibri","sans-serif"'>Hi Marilyn,<br>What is the appraisal's purpose? Is he concerned about estate tax? Does he want to start gifting, either charitable or not? Or is he just curious?<br>He will need a qualified appraisal if he wants to use the values for tax purposes, but bear in mind that values could change significantly between now and his death, depending on his age and health. Also, it is unlikely that he can get a fair market value charitable deduction if he makes charitable donations of his artwork during life.<br>Feel free to contact me off list if this doesn't make sense.<br>Hope this helps,<br>John<br><br>John Creahan<br>Cairn Law, PLLC<br>206-621-5848<br>Sent from my phone<o:p></o:p></span></p></div></div><div><div class=MsoNormal align=center style='text-align:center'><hr size=2 width="100%" align=center></div><p class=MsoNormal style='margin-bottom:12.0pt'><b><span style='font-size:11.0pt;font-family:"Calibri","sans-serif"'>From: </span></b><span style='font-size:11.0pt;font-family:"Calibri","sans-serif"'><a href="mailto:marilyn@marilynjklimanlaw.com">Marilyn J Kliman Law</a></span><br><b><span style='font-size:11.0pt;font-family:"Calibri","sans-serif"'>Sent: </span></b><span style='font-size:11.0pt;font-family:"Calibri","sans-serif"'>ý1/ý24/ý2017 3:44 PM</span><br><b><span style='font-size:11.0pt;font-family:"Calibri","sans-serif"'>To: </span></b><span style='font-size:11.0pt;font-family:"Calibri","sans-serif"'><a href="mailto:wsbapt@lists.wsbarppt.com">'WSBA Probate & Trust Listserv'</a></span><br><b><span style='font-size:11.0pt;font-family:"Calibri","sans-serif"'>Subject: </span></b><span style='font-size:11.0pt;font-family:"Calibri","sans-serif"'>[WSBAPT] Artistic Assets</span><o:p></o:p></p></div><div><div><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Arial","sans-serif"'>Folks – </span><o:p></o:p></p><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Arial","sans-serif"'> </span><o:p></o:p></p><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Arial","sans-serif"'>Estate planning client is a retired, published nature photographer. Any advice as to how to come up with a ballpark assessment on his massive quantity of photos/negatives/transparencies/digital files? My understanding is that this kind of assessment may be as much of an art as the product itself! </span><o:p></o:p></p><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Arial","sans-serif"'> </span><o:p></o:p></p><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Arial","sans-serif"'>Client was recently divorced and paid ex-spouse a specific amount to keep 100% of the rights, but not sure that would hold up to a challenge.</span><o:p></o:p></p><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Arial","sans-serif"'> </span><o:p></o:p></p><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Arial","sans-serif"'>Thanks for any insights …</span><o:p></o:p></p><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Arial","sans-serif"'> </span><o:p></o:p></p><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Arial","sans-serif"'>Marilyn</span><o:p></o:p></p><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Arial","sans-serif"'> </span><o:p></o:p></p><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Arial","sans-serif"'> </span><o:p></o:p></p><p class=MsoNormal><b><span style='font-size:11.0pt;font-family:"Calibri","sans-serif";background:white'>Marilyn J. Kliman, Attorney at Law</span></b><o:p></o:p></p><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Calibri","sans-serif";background:white'>Marilyn J. Kliman Law, PLLC</span><o:p></o:p></p><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Calibri","sans-serif";background:white'>510 Bell Street</span><o:p></o:p></p><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Calibri","sans-serif";background:white'>Edmonds, WA 98020</span><o:p></o:p></p><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Calibri","sans-serif";background:white'><a href="tel:206.499.0993" target="_blank">206.499.0993</a></span><o:p></o:p></p><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Calibri","sans-serif";background:white'><a href="mailto:Marilyn@MarilynJKlimanLaw.com" target="_blank">Marilyn@MarilynJKlimanLaw.com</a></span><o:p></o:p></p><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Calibri","sans-serif";background:white'><a href="http://www.marilynjklimanlaw.com/" target="_blank">www.MarilynJKlimanLaw.com</a></span><o:p></o:p></p><p class=MsoNormal><span style='font-size:9.0pt;font-family:"Arial Narrow","sans-serif";background:#FFFF66'>NOTICE: </span><i><span style='font-size:9.0pt;font-family:"Arial Narrow","sans-serif";background:white'>Information contained in this email may be confidential and/or legally protected from disclosure. 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If you have received this in error, please notify us immediately by replying to the message and deleting it from your computer.</span></i><o:p></o:p></p><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Arial","sans-serif"'> </span><o:p></o:p></p><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Arial","sans-serif"'> </span><o:p></o:p></p><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Arial","sans-serif"'> </span><o:p></o:p></p><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Arial","sans-serif"'> </span><o:p></o:p></p><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Arial","sans-serif"'> </span><o:p></o:p></p><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Arial","sans-serif"'> </span><o:p></o:p></p><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Arial","sans-serif"'> </span><o:p></o:p></p></div><p class=MsoNormal style='margin-bottom:12.0pt'><o:p> </o:p></p><div class=MsoNormal align=center style='text-align:center'><hr size=1 width="99%" noshade style='color:#909090' align=center></div><table class=MsoNormalTable border=0 cellspacing=0 cellpadding=0 style='border-collapse:collapse'><tr><td style='padding:0in 11.25pt 0in 6.0pt'><p class=MsoNormal><a href="https://www.avast.com/antivirus"><span style='text-decoration:none'><img border=0 id="_x0000_i1027" src="http://static.avast.com/emails/avast-mail-stamp.png" alt="Avast logo"></span></a><o:p></o:p></p></td><td style='padding:.75pt .75pt .75pt .75pt'><p><span style='font-family:"Calibri","sans-serif";color:#3D4D5A'>This email has been checked for viruses by Avast antivirus software. <br><a href="https://www.avast.com/antivirus">www.avast.com</a> <o:p></o:p></span></p></td></tr></table><p class=MsoNormal><o:p> </o:p></p></div></div>
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