Personal Property Appraisals provided by our firm are used by the Internal Revenue Service (IRS), Courts-of-Law, Insurance Companies, Banks, Estate Executors, and private clients.
Most common Appraisals provided include:
Estate Tax Appraisals:
Fair Market Value– Used to determine tax liability by Attorneys, Estate Executors and Banks when acting as Executors, in compliance with Internal Revenue guidelines and Federal Treasury regulations.
Please Note: Our Certification for General Household Contents by the Appraisers Association of America (AAA).
Charitable Contribution Appraisals:
Fair Market Value– To determine appropriate tax deductions in compliance with Internal Revenue guidelines and Federal Treasury regulations.
Replacement Value– Used by Insurance Companies to determine appropriate coverage for scheduled items of value.
Chubb Insurance Group– Preferred Service Provider
Replacement Value– To determine claims settlement due to damage or loss.
Equitable Distribution Appraisals:
Marketable Cash Value– To ensure fair division of property in Divorces and Business dissolution.
We will gladly provide detailed explanations of types of Appraisals suitable for varied purposes as well as Definition of Values to all our clients, referring to the Internal Revenue Service or the accepted guidelines of the Appraisers Association of America.
HOW IT WORKS
We begin by determining with our clients, the Purpose, Valuation and Scope of the Appraisal. On-site inspection follows. Items to be appraised are examined, listed and photographed. We conclude with appropriate research and preparation in accordance with Uniform Standards of Professional Appraisal Practice (USPAP), using a variety of resources.
Two copies of the final Appraisal are then provided which include:
1. A statement of the Purpose, Valuation and Scope of the Appraisal
2. An itemized and numbered Appraisal Report including any analysis, photos and relevant documentation.
3. Appraisers Credentials
4. Signed Certification
Quotes based on hourly or daily rates. Our firm is both cost competitive and time conscious. A written estimate will be provided when possible. Travel time will not be charged for local appraisals.
Please feel free to contact us now to discuss fees or if time scheduling is an issue. We always do our best to work with our clients particular requirements. Quotes available upon request.