The Four D’s in Personal Property Appraisals
As hard as we may try, we may not be able to adequately prepare for all of the pitfalls of life. A professional personal property appraiser plays a crucial role in navigating what is often referred to as the “four D’s”: death, disaster, divorce, and debt.
A professional personal property appraiser can help determine:
- an overall opinion of the value of an estate for equitable distribution
- potential federal, state or local tax liabilities
- value of specific items at the executor’s request
A professional personal property appraiser can help determine:
- the overall retail replacement value of personal possessions and collections before a disaster strikes
- whether an insurance company’s policy and/or coverage is accurate and adequate
- an opinion of value utilizing a “hypothetical condition” after a disaster strikes
- the value of objects that did not survive the disaster
A professional personal property appraiser can provide an opinion of value to assist with the equitable division of property.
A professional personal property appraiser can assist with valuing property for orderly liquidation or for use as collateral to secure a loan.
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