Appraisal Services
Estate Tax and Estate Disposition: Sooner or later nearly everyone has to decide how to sell the contents of a home or collection or make decisions about equitable distribution of an estate. We can help you through times and obstacles that can seem like a daunting task. We understand that dealing with an estate is more than disposing of things - it can be like parting with memories. We know how to help with professionalism and sensitivity and know the most appropriate marketing methods to obtain top dollar for you.
Charitable Donations: the IRS has specific regulations about making donation to non-profits, educational institutions, human service programs etc. We can assist with determining values and, if needed, providing IRS Tax form 8283 for tax purposes. For more information on tax purposes, visit www.IRS.gov publication 561.
Insurance Policies and Insurance Claims: Special investments in art, antiques, jewelry or collections may need additional insurance coverage. An appraisal will itemize personal property for obtaining insurance. If loss or damage has occurred, we can provide valuation for filing an insurance claim.
Downsizing: When you move, you may decide you no longer want or need certain items in your new home. Whimsey has extensive experience and knowledge about selling art, antiques, collectibles, and a wide variety of personal property. We provide consultation and referrals about all methods of disposition.
Marriage or Divorce: Assistance in valuing marital and non-marital property for prenuptial agreements or divorce settlements.
Acquisitions: We can assist in obtaining fine and decorative art objects to begin or enhance your collection.
Charitable Donations: the IRS has specific regulations about making donation to non-profits, educational institutions, human service programs etc. We can assist with determining values and, if needed, providing IRS Tax form 8283 for tax purposes. For more information on tax purposes, visit www.IRS.gov publication 561.
Insurance Policies and Insurance Claims: Special investments in art, antiques, jewelry or collections may need additional insurance coverage. An appraisal will itemize personal property for obtaining insurance. If loss or damage has occurred, we can provide valuation for filing an insurance claim.
Downsizing: When you move, you may decide you no longer want or need certain items in your new home. Whimsey has extensive experience and knowledge about selling art, antiques, collectibles, and a wide variety of personal property. We provide consultation and referrals about all methods of disposition.
Marriage or Divorce: Assistance in valuing marital and non-marital property for prenuptial agreements or divorce settlements.
Acquisitions: We can assist in obtaining fine and decorative art objects to begin or enhance your collection.
What to look for in an appraisal report:
With the Government, court, banks, attorneys, accountants, insurance representatives and other professionals examining more closely the professional personal property appraisal report, it is important to know what to expect from a professional report. The report should include:
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1) A complete and accurate description of the property
2) Analysis of the factors affecting value reflecting the appraiser's research in accordance with the standards required by government authorities 3) A definition of value appropriate to the type of appraisal 4) A value for the property appraised, substantiated by the report analysis |
5) The appraiser's qualification page
6) The appraiser's signature 7) The appraiser's statement that the appraiser does not have a financial interest in the property 8) If needed, confirm that the report can be defended in court |
Working files are retained for a period of five years as required by the Uniform Standards of Appraisal Practice