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Value matters and an art appraisal completed by a qualified art appraiser can save you substantial money by not selling too low, insuring too low, or paying too much in estate tax or equitabledistribution. In this article, we will explore the key indicators that suggest you may need an art appraisal.
Image courtesy of Anubis Appraisal and Estate Services Inc. What is an Appraiser? As defined in The International Society of Appraisers, Core Course in Appraisal Studies 2021 pg. The role of the appraiser is to develop an opinion of value for a specific purpose.
These are examples of the questions that appraisers are faced with just about every day. Many people may be surprised that your average appraiser may or may not be able to tell you "what it's worth" on the spot. The appraiser must answer all of these questions. Can you tell me what it's worth? Identification.
Antique appraisals are a crucial step in understanding the true value of the item in the marketplace. A skilled appraiser carefully studies the history, authenticity, and condition of each item to determine their worth. Unfortunately, finding skilled antique appraisers near you can be a challenge. Examination.
While appraisal values may rise and fall with the tide of fluid markets, those who collect passion assets are still able to appreciate and enjoy their investments throughout their lives while remaining confident that it will provide a valuable and worthy legacy to leave behind. Having no estate plan in place is easily the worst scenario.
While appraisal values may rise and fall with the tide of fluid markets, those who collect passion assets are still able to appreciate and enjoy their investments throughout their lives while remaining confident that it will provide a valuable and worthy legacy to leave behind. Having no estate plan in place is easily the worst scenario.
In gathering information to write this post, I was shocked to discover that anyone can legally present themselves as a personal property appraiser. There is no governmental license, proof of knowledge, or certification required to appraise personal property.
As the sole heir of your parent’s estate, you may wonder if it’s even necessary to have their assets appraised. While you may assume that being the only beneficiary eliminates the need for an appraisal, there are several important reasons why obtaining a professional appraisal by an accredited appraiser is still essential.
This can be especially helpful if there is a desire to ensure the equitabledistribution of items to heirs. An appraiser can be consulted to provide valuations for items in the inventory, thus ensuring that the valuations are determined by a neutral party.
As an accredited art appraiser, I often hear from clients who arent sure if they need an appraisal for their artwork. Whether you inherited a painting, purchased a piece years ago, or are considering donating to a museum, there are many reasons why an appraisal might be necessary. What Is an Art Appraisal?
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