Fractional Gifts of Art Work

Ric Gregoria of the Sarasota based law firm Williams Parker has written an interesting article on fractional interest gifts of artwork. This is a great technique for managing the limitations applied to charitable gifting and we've seen it produce much greater tax savings than if the piece of art were gifted outright to a musuem or university. Ric does a really nice job of concisely laying out the strategy.