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Whether it’s a modest household or a high-value estate with art, jewelry, and antiques, these are the four main reasons families choose to get an estateappraisal. EstateTax Return or Probate Requirement In some cases, an appraisal is not just helpful, it’s required.
A personal property estateappraisal is a professional assessment of the value of tangible assets within an estate. This includes items such as furniture, art, collectibles, jewelry, vehicles, and household goods. The IRS requires these standards for EstateTax filings.
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