Art Appraisal Resources
AUGUST 29, 2023
Estate tax planning is crucial for individuals to manage and minimize the tax implications of transferring their wealth and assets to future generations. Effective estate tax planning not only ensures the preservation of wealth for beneficiaries but also contributes to their overall financial security and long-term goals.
Art Appraisal Resources
JULY 13, 2023
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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Art Peritus
DECEMBER 31, 2023
Further, sales of tangible assets will be subject to capital gains taxes at a rate of 28% , whereas items bequeathed directly to heirs will not trigger estate taxes (unless they turn around and sell them). Collectors will inevitably need to have their tangible assets professionally appraised for both insurance and tax purposes.
Art Peritus
DECEMBER 31, 2023
Further, sales of tangible assets will be subject to capital gains taxes at a rate of 28% , whereas items bequeathed directly to heirs will not trigger estate taxes (unless they turn around and sell them). Collectors will inevitably need to have their tangible assets professionally appraised for both insurance and tax purposes.
Fine Art Estates
JANUARY 7, 2022
Today, with over 180 members, the ADAA has expanded its appraisal services from donation to also include estate tax, gift tax, and insurance. Consultations were completed with several dealers and scholars who specialize in the works of [artist]. Names of who I consulted with are listed in the bibliography.
ValuePros Appraisal Services
APRIL 9, 2025
The IRS requires these standards for Estate Tax filings. Why is a Personal Property Estate Appraisal Important? There are several reasons why an estate might need a personal property appraisal: Estate Tax Filing: As mentioned, the IRS requires appraisals that meet USPAP standards for estate tax purposes.
JSK Fine Art Appraisals
FEBRUARY 14, 2025
Estate Planning and Inheritance When artwork is part of an estate, appraisals help with fair distribution among heirs and can be required for estate tax filings. If authentication is required, consulting a specialist or an authentication committee may be necessary.
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