In the last few years, collecting has been developing into a contemporary market asset class, making an accurate planning of the economic and emotional heritage necessary. The purposes are clear: on one hand, the unitary management and the preservation of the historical value of the items; on the other hand, the collector’s heirs protection.

Trusts are the juridical tool that can answer these requests. Regardless of the items forming the collection, the Trust allows:

  1. the protection and management of this asset class, preventing it from being exposed to any legal or personal event of the Settlor-Collector, the Trustee and the Beneficiaries;
  2. the Settlor to plan meticolously the collection management, even after his death, through a formalised Trust Agreement. For instance, the Collector would be able to arrange:
    a. investment/disinvestment policies in order to strategically increase the collection;
    b. dedicated areas in which the collection could be shown, establishing terms and conditions of public, or private, exhibitions;
    c. the use of exhibitions-related income in order to restore the collection;
    d. a remuneration for his heirs according to the executive roles they hold in the collection;
  3. the preservation of the economic value of the collection, the Trustee being the sole owner of the items forming the collection for which he must stick to the rules set up by the collector in the Trust Agreement;
  4. the privacy of the collection and the protection of the collector’s anonymity;
  5. to ensure the continuation of the purpose of the collection within the family, preventing heirs who are keen on money to manage the items by allocating those items to the family members who really believe in the collector’s vision.

EMYTRUSTEE has the expertise