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Estate Tax Planning Strategies for Art Collections

Art Appraisal Resources

In this post, we will discuss the importance of accurately valuing your art collection, the estate tax implications of art collections, and strategies for mitigating estate tax liability. This can create liquidity challenges for heirs who wish to retain the art while also meeting tax obligations.

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Office Hours Information from March 2025

International Society of Appraisers

The definition may vary slightly from federal government definitions used to determine tax liabilities. You need to analyze comparable sales data in the most common market where transactions to the public most frequently occur. the market in which sales to the public most frequently occur). sold prices).

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How to Win Your Property Tax Appeal: Proven Solutions and Strategies

Prime Appraisals

Whether you believe your property has been over assessed or you want to explore avenues for lowering your tax liability, understanding the appeal process and building a strong case is essential. Assessors consider various factors such as property size, location, condition, and recent sales of comparable properties.

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

Harrison Appraisals

Knowing the accurate value of the assets can help you make informed choices regarding potential sales, donations, or other financial transactions. Future Planning and Decision-making Having a formal appraisal of your parent’s assets also provides valuable information that can assist you in future planning and decision-making.