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Estate Tax Planning Strategies for Art Collections

Art Appraisal Resources

In this post, we will discuss the importance of accurately valuing your art collection, the estate tax implications of art collections, and strategies for mitigating estate tax liability. Appraisers also use comparative analysis to provide a basis for estimating the artwork’s potential market value.

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Why You Need an Appraisal

Penrose Appraisals

Do you need an appraisal? But there may be several instances in which an appraisal would be very much advised. I guess, to the extent that your situation involves paying state or federal taxes, you might actually be able to go so far as to say that an appraisal is NEEDED, lest you run afoul of the law.

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The Importance of Appraising Your Parent’s Estate, Even If You Are the Sole Heir

Harrison Appraisals

As the sole heir of your parent’s estate, you may wonder if it’s even necessary to have their assets appraised. While you may assume that being the only beneficiary eliminates the need for an appraisal, there are several important reasons why obtaining a professional appraisal by an accredited appraiser is still essential.

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Should I Have My Antiques Appraised for Insurance Purposes?

Harrison Appraisals

In this blog entry, we’ll discuss whether a person should get their antiques appraised for insurance purposes. Insurance Companies Need a Value Insurance companies typically require a qualified appraisal of valuable personal property, including antiques. Choosing a Reputable and Qualified Appraiser But this is important.