• Review tangible property to determine which items need to be considered for an appraisal.
• Recommend the most appropriate type of appraisal.
• Estate Planning, Downsizing and Deacquisition.
• Feasibility Analysis to determine economic benefits of sale.

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This type of appraisal is necessary for a variety of reasons. A report for insurance purposes can protect against loss in the event of damage, theft, flood, tornado or fire. Items are often damaged in storage and by moving companies; an appraisal report will protect property so a client can receive the proper compensation. Each item is carefully measured, documented and photographed with particular attention given to condition. Each item is then extensively researched for appropriate replacement value, using recent sales comparables from galleries, retail shops, retail internet venues and private dealers. Because of the dynamic nature of the marketplace, appraisals need to be re-evaluated every 5 years in order to protect the client's investments.
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These appraisals include detailed documentation and photographs of damaged objects or property as a result of breakage, fire, and natural or other causes and the loss of value is concluded. Recommendations regarding restoration services or replacement are suggested when appropriate. A hypothetical appraisal can be provided for items stolen based upon photographs, receipts and other forms of documentation supplied by the client.
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Appraisal reports are necessary for tax purposes and are 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 $3,000. Fair market value appraisals are fully researched with relevant market comparables. All these appraisals I provide meet IRS guidelines.
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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.
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Donations to museums and other charitable organizations are gratefully accepted. However, a thoroughly researched “qualified” appraisal report by a “qualified” appraiser is necessary in order to receive the tax benefit from the IRS. These appraisals are based on fair market values at the time of the donation. They are fully researched with market comparables included, and are required for any item or group of items valued over $5,000.

When choosing a “qualified” appraiser of tangible personal property for income, estate and gift-tax purposes, a taxpayer must be in compliance with the appraisal regulations set forth by the IRS in section 170 of the Internal Revenue Code of 1986. The term “qualified” is summarized in IRS publication 561, “Determining the Value of Donated Property.”

For further information see the IRS website:
http://www.irs.gov/publications/p561/index.html

For the definition of a ‘qualified’ appraiser see here:
http://www.irs.gov/pub/irs-drop/n-06-96.pdf

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Know how much you can get if you decide to sell through an auction house, consignment shops or on your own.
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Clients may be interested in offering their property for sale. I will help you get the best price for your items, and connect you with the most competitive auction houses, private dealers and best market.
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Depending on the type of object and the extent of the damage, I can recommend the most appropriate restorer.
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