Estate Tax, Probate & Gift Tax Appraisal

Appraisal reports are necessary for tax purposes and incredibly useful for distribution. When dealing with a taxable estate, an executor filing an estate tax return is required by the IRS to obtain an appraisal by a “qualified” appraiser of a collection of objects valued over $10,000, or for any individual item valued over $5,000. Fair market value appraisals are fully researched with relevant market comparables. All our appraisal reports meet IRS guidelines on Estate & Gift Taxes

Estate Planning Appraisal

It is advisable for clients to plan ahead for the distribution of assets in their estate. Good estate planning should reduce estate distribution related expenses, including taxes and tension among family members, and assure the desired transfer of assets to heirs. In order to develop the most effective estate planning, advisors need a complete accounting of net worth – one that includes tangible assets: fine and decorative arts.

Equitable Distribution Appraisal

This appraisal ensures the equitable distribution of the client’s property. Fair Market Value appraisals are provided for division of property in such cases as divorce, legacy matters, or to determine equal division of assets from a joint venture.

Expert Witness Appraisal

Experience serving as a credible, assured and qualified Expert Witness in the valuation of antiques and decorative arts.

Research & Review

  • Assist in case studies by helping lawyers in evaluation
  • Review documents and depositions to identify testimony that should be further explored
  • Assess qualifications of other experts involved with the case
  • Review reports for USPAP compliance, professional methodology
and accuracy of value conclusion.

Written Appraisal

Prepare an independent, impartial and objective USPAP compliant appraisal report for the intended use of litigation.

Oral Appraisal

  • Prepare for and testify at a deposition or in court as a fact witness
  • Prepare for discovery or trial
  • Qualified to testify

Estate Planning for Your Collection

It’s important for art collectors to carefully consider four options when determining what will happen to artwork when estate planning.

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Top 7 Things to Look for in an Appraiser

If you receive a referral for an art appraiser, check the appraiser’s credentials. Make sure they are accredited and be wary of the “free” appraisal.

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Reasons Why Attorneys Need A Professional Appraisal of Assets

Divorce, death of a parent and estate planning are situations when a professional appraiser needs to be hired to assist with equitable distribution of assets.

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