About

Pamela L. Grutman advises high net-worth individuals, small businesses, and fiduciaries in the arts community on sophisticated trust and estate planning, estate administration, and succession planning for the long-term preservation of artistic and philanthropic legacies utilizing trusts, family partnerships, and nonprofit organizations.

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TAX

CTA Imposes New Small Business Reporting Requirements for 2024

Effective January 1, 2024, the CTA requires that certain businesses disclose to FinCEN information.

ESTATE PLANNING

Navigating Philanthropy: Donor Advised Funds vs. Private Foundations

In the realm of philanthropy, individuals and organizations often seek effective and strategic ways to make a positive impact on society.

TAX

IRS Warns Against Improper Art Donation Deduction Promotions

The IRS has issued a warning to taxpayers regarding improper art donation deduction promotions. In a recent press release, the IRS...

ESTATE PLANNING

The Power of Control and Flexibility: Why a Revocable Trust Should Be Part of Your Estate Plan

When it comes to planning for the future, crafting an effective estate plan is a crucial step to ensure your hard-earned assets are...

ESTATE PLANNING

Navigating the Milestone: Estate Planning Considerations When Kids Turn 18

Turning 18 is a significant milestone in a young person's life. It marks the transition from adolescence to adulthood, bringing newfound...

ESTATE PLANNING

Preserving Your Passion: Estate Planning Tips for Collectors

Collectors invest time, effort, and passion into curating their collections, be it art, antiques, rare coins, or vintage cars. However,...