Prepare for the future

Many artists report that they plan to work until they die.

Although it sounds pretty depressing, it's a fair reflection of the motivation and expectation of many artists.  Artists are amongst the least likely professionals to have a pension plan - relying instead mostly on equity on property to see them through in their old age.  And many artists see their careers as a life-long activity.

But with a bit of financial planning, you can make more time for your practice as you get older, as well as protect your property and work with insurance and plan your estate and inheritance.

This article is from the Artlaw Archive of Henry Lydiate's columns published in Art Monthly since 1976, and may contain out of date material.
The article is for information only, and not for the purpose of providing legal advice.
Readers should consult a solicitor for legal advice on specific matters, and artists in London can get free online legal advice from Artquest