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Reasons of valuations for tangible property can include estate and probate purposes, equitable distribution, insurance coverage, charitabledonations, dissolution of marriage, and bankruptcy. Appraisers may also assist with consulting and estate liquidation.
This usually ends with a printed document that describes the piece and assigns a price or range of prices that represent the expert’s best value estimate. Estate Liquid Value An estate liquid value corresponds to the typical price a wholesaler could get for your jewelry. Sold for $2,500 via Doyle New York (February 2020).
Is it the orderly liquidation market, retail market, retail replacement market? In general, pre-owned diamond jewelry is most commonly sold to the public on the orderly liquidation market; however, the marketplace is going to depend on the specific property. Who is buying this diamond jewelry?
Do you want to liquidate? Whether the appraisal report is for insurance, estate or donation purposes, every report should include good documentation and a detailed description of each item along with the valuation. CHARITABLEDONATIONS Fair Market Value is also used for non-cash contributions.
Even if you are familiar with the items and believe you have a good understanding of their worth, a professional appraisal ensures an accurate and documented valuation. An appraisal provides a comprehensive inventory of the assets, documenting their value at the time of his or her passing.
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