Other tangible assets that may be included in the Legacy strategy are collectibles. In our UBS 2022 Investor Watch survey, 32% of women said they plan to leave artwork to their heirs compared to 26% of men.8 While collectibles can be a store of value, investors should be reminded that they carry high costs, like maintenance and storage costs, and that their actual value is dependent on how much a buyer is willing to pay for them. Collectibles should also be considered as part of the wealth succession as they are taxed. It is worth considering what you would like to do with your collection early on: for example is this a passion which is also shared by the next generation or would you like to orchestrate a donation of your collection. This clarity will allow you to plan appropriately.