article thumbnail

Estate Tax Planning Strategies for Art Collections

Art Appraisal Resources

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.

article thumbnail

Do You Need An Appraiser for Probate?

Harrison Appraisals

However, in order to determine the fair market value of those assets and comply with your state’s inheritance and estate tax requirements, it is recommended that you obtain an appraisal from a qualified and accredited appraiser. Contact us today by calling 410.871.2017 The post Do You Need An Appraiser for Probate?

article thumbnail

Maximizing Your Estate Liquidation: Essential Tips for the Best Results

Sarasota Antique Buyers

Losing a family member can be difficult, and if you are responsible for liquidating their estate, it can be a daunting task. If you want to liquidate an estate quickly and in the most financially sound way, there are several helpful tips that you can use.

article thumbnail

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

Artifactual History Appraisal

Most people selling items on the secondary market who aren’t professional dealers or without access to the assistance of professional dealers will find it difficult to obtain retail prices in a sale, and can more realistically expect future sale prices to be closer to the Fair Market Value and Liquidation Value levels of the market.

article thumbnail

Passing on Your Passion Assets

Art Peritus

Having no estate plan in place is easily the worst scenario. In this situation, a collection is likely to fall under the control of an executor who may choose to liquidate the collection altogether to allow for an equitable distribution of assets. distributed between three heirs? However, there are limitations to this process.

article thumbnail

Passing on Your Passion Assets

Art Peritus

Having no estate plan in place is easily the worst scenario. In this situation, a collection is likely to fall under the control of an executor who may choose to liquidate the collection altogether to allow for an equitable distribution of assets. distributed between three heirs? However, there are limitations to this process.