Remove Fine Art Remove Market Value Remove Tax Liabilities
article thumbnail

Office Hours Information from March 2025

International Society of Appraisers

Q: In a damage claim, 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? The definition may vary slightly from federal government definitions used to determine tax liabilities.

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. That is where Harrison Appraisals, LLC can help.

article thumbnail

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

Harrison Appraisals

Accurate Asset Valuation An appraisal provides an unbiased and expert opinion of the fair market value of your parent’s assets. Let’s explore the importance of appraising your parent’s estate, regardless of your status as the sole heir. The preceding should not be taken as legal or accounting advice.