What is an art trust?

An art trust is a legal agreement that allows someone to put artwork into a trust for the benefit of a particular person or group of people. In Oregon, this type of trust is often used to ensure that artwork is passed down through a family or used to support a particular charity. In an art trust, the artwork is placed into a trust fund, and a trustee is appointed to manage the artwork and any money generated from it, such as from selling or exhibiting the artwork. The trust can also stipulate how the artwork should be stored, conserved, or used. The trust can also create restrictions on how the artwork can be used, such as preventing it from being sold or used for commercial purposes. An art trust can also specify how and when the artwork should be exhibited or sold, as well as how any money generated from the artwork should be distributed. By creating an art trust, the owner of the artwork can rest assured that the artwork will be preserved and used in the way they intended.

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