Art Family Wealth Management

The development of the art market in China has led to an increase in the family wealth of artists,while the number of high net worth individuals in China is rising,and trusts are becoming an important tool under the family wealth management concept.This paper seeks the realization of trusts in the management of the wealth of artists' families by focusing on the cases of family management of artists at home and abroad.Once the solution is feasible,not only will the family fortune of the artist be preserved and enhanced,but more importantly,the important works and ideas of the artist will be circulated and the art will be available to all.In addition to its own development,it will also financially and academically help the arts,culture and society to progress through charity and other means.The prerequisite of cultural self-confidence is the preservation of one's own culture,so the protection of artistic works is also an important part of China's cultural construction,and only by accumulating a rich cultural heritage can China become a cultural powerhouse.Based on the huge demand of the domestic art family wealth inheritance market,this article compares the advantages and disadvantages of five instruments: gift,will,insurance,foundation and family trust,and believes that family trust is the preferred method of art family wealth inheritance.This was followed by a more systematic combing of the basic knowledge of the concept,constituent elements,structure,function,etc.of family trusts.Subsequently,the four business models of private bank-led,trust company-led,cooperation between private bank and trust company,and cooperation between trust company and insurance company are analyzed in depth from the perspectives of setting the threshold,duration of survival,investment of funds,distribution of income,etc.,and a more suitable family trust model is proposed for the needs of artistic family wealth management standards.At the same time,by learning from the more mature development experience of foreign countries,this paper proposes improvement measures for localized family offices and comprehensive family wealth management,and proposes a concept for the future development trend of the art family trust model,which eventually forms a comprehensive art family wealth management system.