Remove Consultation Remove Equitable Distribution Remove Estate Tax
article thumbnail

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. During probate, an appraisal comprehensively evaluates the artwork's worth, simplifying the process.

article thumbnail

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. Collectors will inevitably need to have their tangible assets professionally appraised for both insurance and tax purposes.

article thumbnail

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. Collectors will inevitably need to have their tangible assets professionally appraised for both insurance and tax purposes.

article thumbnail

How Do I Get My Art Appraised?

Fine Art Estates

Today, with over 180 members, the ADAA has expanded its appraisal services from donation to also include estate tax, gift tax, and insurance. Fair Market Value is used when a collector is settling an estate, needing equitable distribution, or making a charitable donation.