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.