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4 Reasons to Get an Estate Appraisal – Ray from ValuePros

ValuePros Appraisal Services

Accurate, IRS-compliant valuations are necessary to support those filings. Equitable Distribution Among Beneficiaries It’s not uncommon for estates to have several heirs. Whether it’s household contents, collections, jewelry, or artwork, a professional appraisal allows for equitable distribution.

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9 Reasons Why Should You Hire an ISA Personal Property Appraiser

International Society of Appraisers

Accurate Valuation: ISA personal property appraisers are highly educated professionals with expertise in assessing the value of various items. Whether you're dealing with art, antiques, furniture, jewelry, or other possessions, an appraiser can give you a valuation.

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What You Need to Know When Hiring a Personal Property Appraiser

Anubis Appraisal and Estate Services

GL-1, an appraiser is “one who is expected to perform valuation services competently and in a manner that is independent, impartial, and objective.” Reasons of valuations for tangible property can include estate and probate purposes, equitable distribution, insurance coverage, charitable donations, dissolution of marriage, and bankruptcy.

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How To Determine If You Need An Art Appraisal

Art Appraisal Resources

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 equitable distribution. Appraisals are crucial in the art market, providing essential information about artworks' value, authenticity, and condition.

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What Documentation Do I Need for a Jewelry Appraisal

Buckhead Jewelry Appraisers

When creating a will or trust, it's crucial to have an accurate assessment of the value of jewelry assets to ensure equitable distribution among heirs. The documentation serves as a roadmap, guiding them through the intricate details and nuances of each piece, ultimately leading to a precise valuation.

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Understanding the Different Levels of Value: It’s Worth What Where and When?

Artifactual History Appraisal

All appraisal reports written in compliance with the Uniform Standards of Professional Appraisal Practice (USPAP) have to include identification of the level of the market the appraised values are set in and the effective date of the valuation.

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What Does An Appraiser Do, Anyway?

Penrose Appraisals

On the other hand, if the appraisal is for equitable distribution, as in the case of a divorce, then the appraiser will be looking for fair market value and this is most typically determined by looking at recent auction results. Appraisers are not simply walking around with valuations in their head.