Losing a parent is hard enough. Inheriting a large art collection at the same time can feel completely overwhelming — especially when you’re not sure what you have, what it’s worth, or what the rules are.
The single most important first step is a complete inventory and appraisal of the collection. This establishes fair market value for estate tax purposes and lays the groundwork for equitable distribution among heirs. The IRS requires a qualified appraisal prepared by a credentialed appraiser, and timing matters — it must be completed within specific windows relative to the date of death.
Our strongest advice: do not sell, donate, or distribute any works until valuations are in place. We work closely with estate attorneys, executors, and families to make this process as clear and efficient as possible. We’re here to help when you’re ready!
