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How To Determine If You Need An Art Appraisal

Art Appraisal Resources

Value matters and an art appraisal completed by a qualified art appraiser can save you substantial money by not selling too low, insuring too low, or paying too much in estate tax or equitable distribution. Appraisals are crucial in the art market, providing essential information about artworks' value, authenticity, and condition.

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What Does An Appraiser Do, Anyway?

Penrose Appraisals

On the other hand, if the appraisal is for equitable distribution, as in the case of a divorce, then the appraiser will be looking for fair market value and this is most typically determined by looking at recent auction results.

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

Harrison Appraisals

This valuation is crucial for various legal and financial purposes, including estate administration, taxes, equitable distribution, and potential future transactions. Even if you are familiar with the items and believe you have a good understanding of their worth, a professional appraisal ensures an accurate and documented valuation.

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How to Prepare Your Parents' Estate

Penrose Appraisals

This can be especially helpful if there is a desire to ensure the equitable distribution of items to heirs. An appraiser can be consulted to provide valuations for items in the inventory, thus ensuring that the valuations are determined by a neutral party.

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How to Find and Choose and Antiques Appraiser Near You

Penrose Appraisals

If you prefer in-person assessments, and are located in the greater Northwest Pennsylvania area (Cleveland to Erie to Buffalo and down to Pittsburgh), Penrose Appraisals can also provide tailored appraisal services, especially for significant occasions like insurance, charitable donations, or equitable distribution. Estate settlement.

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Passing on Your Passion Assets

Art Peritus

In this situation, a collection is likely to fall under the control of an executor who may choose to liquidate the collection altogether to allow for an equitable distribution of assets. Having no estate plan in place is easily the worst scenario.

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Passing on Your Passion Assets

Art Peritus

In this situation, a collection is likely to fall under the control of an executor who may choose to liquidate the collection altogether to allow for an equitable distribution of assets. Having no estate plan in place is easily the worst scenario.