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Reasons of valuations for tangible property can include estate and probate purposes, equitable distribution, insurance coverage, charitable donations, dissolution of marriage, and bankruptcy. This course requires appraisers to first take a fifteen-hour course with seven-hour update courses done every two years.
Look for credentials such as accreditation from recognized gemological institutions and memberships in professional appraisal associations. Liquidation Value: Liquidation value is the amount an asset, like jewelry, could fetch when sold quickly under duress, such as in bankruptcy or foreclosure.
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