Appraisal Services - Why use them, and
How to Prepare for them:
Why Use an Appraisal Service...
If you are a Trustee or Executor, requiring a Personal Property Appraisal for the intended use of estate settlement and/or equitable distribution…
If you are a donor requiring a qualified appraisal by a qualified appraiser for a noncash charitable contribution to an IRS recognized donee organization for the intended use of a tax deduction…
If you are a property owner requiring a Fine Arts, Antiques, and Firearms Appraisal for the intended use of insurance coverage…
If you are a property owner requiring a Personal Property Appraisal valuation regarding a fire, flood, or other type of loss for the intended use of loss settlement…
If you are a Trustee and require a Personal Property Appraisal for trust planning for the intended use of equitable distribution…
We can help ... please click below to schedule a preliminary phone consultation.
Preparing for an Appraisal...
• Decide which items are going to be appraised.
• Make a list if possible.
• Be clear about the intended use of the appraisal and the type of value you need researched. Is it for insurance scheduling (Replacement Value), or for estate tax or for dissolution of marriage or partnership (Fair Market Value)?
• Choose a time for the inspection when distractions will be minimized for you and for the appraiser. A quiet environment is preferred.
• Gather documentation, i.e., receipts, certificates, previous appraisals, letters, exhibition catalogs.
• Have all items unlocked and available.
• Have good lighting available. Morning appointments are best for natural light.
• Separate sets of silver, china and stemware. Provide maker and pattern names if known.
• Unpack boxes of items to be appraised, or alert the appraiser that an assistant for that purpose will be required.
• Have step stools and ladders available to reach items located up high.
Organization is the key to a time and cost-efficient inspection.