Pablo Picasso did his family no favors with his (nonexistent) estate plan. Don't let your clients make the same mistake. In this episode, WealthManagement.com Senior Editor David Lenok speaks with Sarah McDaniel, CFA and managing director: head of Wealth Strategies Group and Advance Planning Centers at Morgan Stanley, about the massive art collection left behind after the death of one of the world's most influential artists: Pablo Picasso. As you'll soon find out, his family had to use much of his collection to pay the estate taxes due upon his death.
Tune in now and take Picasso's words to heart: "Action is the foundational key to all success." Take action and protect your clients' estates. |