Art and collectibles are often among a family's most visible possessions - and among tis least visible planning assets. This article examines how incomplete inventories, unclear ownership, missing documentation, outdated valuations, and cross-border complexity can create risk. It also outlines practical steps collectors, families, attorneys, fiduciaries, and advisors can take before death, incapacity, donation, audit, or family transition forces these issues into view.

In 2021, discussions surrounding NFTs, crypto art, and digital ownership rapidly expanded beyond niche online communities into the broader contemporary art market.

Christie’s “Andy Warhol: Machine Made” NFT sale in May 2021 raised broader questions about authenticity, representation, and value in the emerging digital art market.

In early 2021, the rapid expansion of NFTs introduced new questions for collectors, advisors, and tax professionals. Discussions surrounding ownership, valuation, taxation, and regulatory oversight quickly became central to the evolving digital art market.