
Nationally Accredited
Graduate Personal Property Appraiser
Court-Accepted Expert Witness
We provide appraisal reports custom-tailored
to suit each client’s individual needs:
Estate Tax
When determining the value of a decedent’s
estate, the appraiser adheres to a complex
web of Internal Revenue Service estate tax
regulations to obtain and then thoroughly
document the fair market value of the personal
property items involved, and calculates them
retroactive to the exact date of the decedent’s
death.
The Fair Market Value is “the price at which
the property would change hands between a
willing buyer and a willing seller with neither
party under compulsion to buy or sell, and
both parties having reasonable knowledge of
all relevant facts.” In more simple terms,
that fair market value is generally equivalent
to what one dealer would pay to another for
the item or items in question, or what the
selling price would generally be at auction.
Distribution of Marital Assets in a Divorce
The extent of a marital estate can include
business and residential contents, antiques,
art, jewelry, boats, automobiles – the scope
is virtually limitless. While laws differ
among the states, a marital estate is often
viewed as an equal partnership where each
party has a right to half the value of the
properties, and an unbiased appraisal is essential
to facilitate an equal and equitable distribution.
Our valuations are completely objective, favoring
neither party to the divorce.
Unfortunately, many appraisers are reluctant
to accept marital estate assignments due to
the likelihood of courtroom testimony being
required at a later date. Our appraiser, however,
is a professional courtroom veteran and compensated
trial appearances are routinely executed.
Insurance Purposes
Most household insurance policies specifically
exclude coverage for fine arts, expensive
antiques and other personal property collections
from protection unless they are supported
– at the time the policy is issued – by a
qualified independent appraisal. For such
“fine arts rider” policies, we perform a Retail
Replacement Cost Appraisal, determining the
precise retail values of the items to be covered
and provide thorough documentation – with
photographs – to support a prompt resolution
of any subsequent claim.
Charitable Donations
The Internal Revenue Service requires that
if a charitable donation in excess of $5,000.00
in value is to be claimed upon a tax return,
such donation must be supported by an independent
professional appraisal. Our documentation
is superior and our professional qualifications
meet all relevant IRS requirements.