Types of Appraisals Offered
Insurance valuations consider the cost to replace a treasured item. Insurance valuations should be performed every five years. When was your last update?
Estate appraisals for taxation or division of assets between heirs provide guidance for your family's decision making.
Valuations for personal interest are calculated based upon the individual client's needs - curiosity about what an item might sell for either on the auction market or if offered for private sale is most common.
Appraisals for non-cash donations are required for items over $5000.00. As of 2018, the IRS requires only qualified appraisers with an advanced appraisal designation from a recognized organization like the ISA perform these types of appraisals.