These appraisals clarify questions of property value, distribution or de-accessioning of property, and assists financial planners, attorneys and related professionals in establishing a client’s net worth as a basis for estate planning. Our estate appraisals include on-site examinations, color photographs which meet IRS requirements, full cataloguing, and valuation using fair market values, all which are carefully researched and based on documented comparable sales. Each appraisal document is meticulously produced to meet not only our standards of excellence, but those of the ISA.
When planning for the distribution of assets to children, or when a marriage or business partnership is dissolved, our appraisals are an important tool to make equitable distribution possible. These appraisals can also be prepared in advance to avoid conflict and confusion, should distribution become necessary.
These types of appraisals identify the value of the damaged or lost property to facilitate claim settlements and disputes. Photo documentation and examination, well informed and unbiased appraisals, as well as an extensive network of professional restoration and conservation specialists make our damage and loss reports highly sought after by top insurance companies, claims resolution specialists, prestigious law firms, private collectors, and public adjusters. Utilizing our network of conservation experts, recommendations are then made as to the proper method of restoration or conservations, the probable outcome of such treatment, and the realities of devaluation.
This type of appraisal documents the retail replacement value of each artwork in the collection as a precaution in the event a work of art is damaged, lost, or stolen. When seeking insurance coverage, insurance companies generally require this type of documentation before insurance coverage can be obtained.
The Internal Revenue Service requires that non-cash contributions of available art and other tangible personal property worth more than $5,000 be accompanied by an itemized fair market value appraisal performed by a qualified professional appraiser.