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The Four D's in Personal Property Appraisal

As hard as we may try, we may not be able to adequately prepare for all of the pitfalls of life. Learn how 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.


Death

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.

Disaster

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.

Divorce

A professional personal property appraiser can provide an opinion of value to assist with the equitable division of property.


Debt

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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