ESTATE APPRAISAL of Fine Art
An estate appraisal is needed when a will and/or trust is being created, or when property is being inherited. The usual objective of an estate appraisal is to: represent the property fairly and accurately for estate tax purposes, to provide evaluation at fair market value, and to adhere to IRS regulations.
When an appraisal is recorded during the creation of a will or trust, it establishes a value for the property. This allows the owner and future recipients of the property to chart its value over time. This value is used when determining inheritance distribution.
An appraisal provides peace of mind to the owner of property and to the recipients of the estate. An impartial appraisal will negate any disputes over value, and lets the estate process proceed in a timely manner.
Lawyers and Accountants:
I also have experience with:
- Expert Witness Testimony
- Divorce valuations
- Equitable distribution
For the most up-to-date IRS regulations, forms and publication, you may visit www.irs.gov. This link does not imply a relationship to, or recognition, approval or sanction of this appraiser by the IRS; rather, the link is simply provided as a convenience mechanism for the taxpayer’s ease of reference. Furthermore, there is no marketing relationship between this appraiser and the Internal Revenue Service.
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