Probate in New York can be slow, costly, and public. It can also disrupt the management of unique assets like investment property, a family business, or an art collection that requires special handling.

As an executor, you are granted powers that enable you to manage and administer the estate.

On July 4, 2025, Congress passed the One Big Beautiful Bill Act (OBBBA)—a tax law that permanently reshapes estate and income tax planning. For those with significant art collections, the law presents both opportunities and urgent planning considerations.