Retaining possesion

Artists or heirs can opt to keep the entire artistic legacy in their own possession and put it in order so that they can store it, make the most of its value and open it up to a wider audience. However, managing a legacy is no easy matter. This is because the organisation of each legacy is very different, demanding a tailored approach and structure. The approach is determined by the artist, and in many cases also by surviving relatives, stakeholders and experts from the sector. There is no single model; a customised approach is required. Developing an estate plan takes time, energy, perseverance and resources.

It is also an emotional undertaking, for living artists and also for the heirs, friends and acquaintances who are confronted with it. It is a journey through the past that evokes many memories, emphasising both positive aspects and complicated ones. For a living artist, it is also a confrontation with death. So it is not at all easy to talk about. Furthermore, the surviving relatives often feel a certain responsibility to organise everything and put it all in order, all at once, the way the artist would have wanted. However, it is important to take your time, to process everything and tackle the artistic legacy step by step.

If you are considering getting started on your artistic legacy or establishing an estate (now or in the future), you are bound to be wondering about the best way to start. Developing an estate plan is essential to that process: it involves considering the possibilities for an existing or future estate and the continuation of the artistic practice in the long term. On the ‘Establishing an estate’ page, we explain what steps artists, heirs or other stakeholders can take to achieve this.

TIP: When thinking about an artistic legacy, you are confronted with various factors simultaneously, from establishing a (future) estate to the preservation and maintenance of the legacy, as well as the emotions that thinking about all this evoke. Take your time to consider all the possibilities and to make justified decisions and informed choices. Not everything can be sorted out immediately, and neither does it need to be.

Interested to read more? Go to the next page ‘Donation‘. 

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