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Q: In a damageclaim, what's the most common marketplace for determining the fair market value of diamond jewelry? Is it the orderly liquidation market, retail market, retail replacement market? In a damageclaim, it is important to ask your client if there is a specific definition of fair market value you should use.
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. An appraisal provides a comprehensive inventory of the assets, documenting their value at the time of his or her passing.
Pack your passport and other difficult-to-replace important documents (birth certificates, Social Security certificates, vehicle titles, etc.) If you have family sterling silver flatware and the space to take it in your car, this is a smart category of antique to bring with you as it also functions as a liquid asset.
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