Remove Estate Tax Remove Furniture Remove Market Value
article thumbnail

Understanding the Different Levels of Value: It’s Worth What Where and When?

Artifactual History Appraisal

You may also see this level of the market described as “replacement cost,” which is a term used by the International Society of Appraisers. In my firm’s appraisal assignments, I’ve found that Retail Replacement Value is the main level of value used in fine art and antique insurance coverage. The next level is Fair Market Value.

article thumbnail

Do You Need An Appraiser for Probate?

Harrison Appraisals

Submitting an Inventory In many states, including Maryland, Pennsylvania, Delaware, Virginia, and the District of Columbia, personal representatives and executors are required to submit an inventory of all tangible assets owned by the decedent at the time of their death, regardless of value.