Why You Might Need An Appraisal
An appraisal is a legal document as important as a will, and is the only way to accurately describe and value your property. A properly prepared appraisal by a certified, accredited appraiser will include a value conclusion that will clarify questions of property value under any circumstance.
There are many reasons you might need an appraisal. Below are some of the more common.
Insurance:
An appraisal determines replacement value, provides protection in the event of loss, and assists in establishing proper insurance coverage for household effects, antiques, fine art, silver, jewelry, etc.
Estates:
Clarify questions of property value.
Facilitate the disposition of estate tax reporting requirements.
Assist heirs with distribution/de-accessioning property.
Estate Planning:
Assist financial planners and related professionals in establishing clients net worth.
Be used for judicious estate planning.
Divorce/Property Division:
Assist attorneys and their clients in matters of equitable distribution for divorce or dissolution of marriage. Corporate uses in this category include mergers/acquisitions, and loan collateral.
Tax Loss (Bankruptcy):
Establish and document values for claiming a loss.
Liquidation of Personal Property:
Establish values before selling.
Donations:
Determine value and create documentation for tax purpose.
Loan Collateral:
Establish values for business loans based on collateral.
Damage or Loss:
Determine loss of value on damaged items and replacement value on lost items.
Price Confirmation:
Determine if the "antique" you own is truly authentic or if it is a reproduction and how valuable it is.
Resale:
Establish values before selling.
Headquartered in Asheville, NC, we serve businesses, professionals, and the general public in Western NC, Upstate SC, and Eastern Tennessee.