International Society of Appraisers

MAY 13, 2025

5/22/2025 12:00:00 AM Fair market value (FMV) is foundational in Canadian personal property appraisals prepared for charitable donations, estate administration, and cultural property certification applications. These appraisals are frequently used to support probate filings or calculate estate-related tax liabilities.

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Appraiser/appraisal Market Value Valuation Tax Liabilities 40

International Society of Appraisers

MARCH 14, 2025

The definition may vary slightly from federal government definitions used to determine tax liabilities. This quote is in the context of IRS Publication 561, which provides guidance for determining fair market value for charitable donations; therefore, this quote must be understood within that specific context and intended use.

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Harrison Appraisals

JUNE 19, 2023

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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Appraiser/appraisal Equitable Distribution Tax Liabilities Valuation 52