Estate Tax Related Topics 
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
AUGUST 29, 2023
Estate Appraisal Estate appraisals are crucial for estate tax purposes. Accurate estate appraisals help with estate planning and tax obligations. You can read more about estate tax appraisals here. They determine the value of an art collection when an individual passes away.
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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.
Nostalgia Antique Appraisal Services
APRIL 4, 2020
It may be the risk of selling too low, or of paying too much; the risk of being under or over-insured; the risk of not getting your fair share in a division of property; the risk of incurring tax penalties or being audited when claiming a deduction for a charitable contribution or when calculating estate taxes.
The Jewelry Appraiser
SEPTEMBER 16, 2018
From divorces to estate taxes, to donations and loans, there are many reasons to have your jewelry professionally appraised. Also, you cannot trust the seller of the jewelry to appraise the pieces. Insurance companies will only value an appraisal from an authority that is impartial, such as a certified jewelry appraiser.
Penrose Appraisals
JANUARY 6, 2024
Estate tax liability. State and federal taxes are a complicated subject and you should always be guided by your accountant or tax advisor. But in determining the tax owed, an appraisal may be required in order to value all of the belongings of the estate. For example, in Pennsylvania, the tax is 4.5%
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). Selling a collection at auction in the interests of expediency could very well minimize the exit value of many objects.
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