Why a certified appraisal? | Carolyn Law Antiques

Carolyn Law Antiques Appraisals

Almost everyone (or their estates) will need or could benefit from a certified appraisal of their personal property at some point in their lives:

For tax purposes—to settle an estate or to claim a significant donation of tangible property to a charitable organization
For estate or succession planning—to establish a fair distribution of tangible property among one’s heirs before death
For equitable division of assets in divorce or dissolution of partnerships
For resolution of debt
For insurance purposes—to determine reasonable coverage amounts or to file a claim after loss

In many of these situations, the IRS, courts of law, and insurance companies may require a certified appraisal of value that complies with the Uniform Standards of Professional Appraisal Practice (USPAP), set forth by The Appraisal Foundation under authorization of the U.S. Congress. The USPAP-compliant report certifies that the conduct of the appraiser and the contents of the report meet the highest standards of professional methodology and analysis, independence, and ethics.