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Below that number, you can do the valuation yourself, but may have greater peace of mind if you hire an appraiser. Especially if you have valuable antiques, art, or jewelry, it may worthwhile to ask your agent what the terms of your policy are. In order to get the biggest deduction, you need an accurate appraisal.
When you're planning to sell items from an estate, whether it's a collection of antiques, art, or other valuable belongings, knowing their true worth is crucial. You might have a lot of different items, from furniture to jewelry, and each one has its own story and value. Valuation: Finally, the appraiser decides on a value.
Complex assets: Estates that include antiques, collectibles, or real estate can be hard to evaluate and liquidate fairly. Valuables like fine art, sterling silver, and vintage jewelry require expert evaluation. Dealing With Personal Property This is where many executors feel overwhelmed.
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