Remove Consultation Remove Sale Remove Tax Liabilities
article thumbnail

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. This can create liquidity challenges for heirs who wish to retain the art while also meeting tax obligations.

article thumbnail

How to Win Your Property Tax Appeal: Proven Solutions and Strategies

Prime Appraisals

Whether you believe your property has been over assessed or you want to explore avenues for lowering your tax liability, understanding the appeal process and building a strong case is essential. Assessors consider various factors such as property size, location, condition, and recent sales of comparable properties.

article thumbnail

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

Harrison Appraisals

Knowing the accurate value of the assets can help you make informed choices regarding potential sales, donations, or other financial transactions. Accurate valuation, efficient estate administration, tax considerations, future planning, and protection of your interests are all valid reasons to seek a professional appraisal.