We cover an array of industries for service appraisal, with this introduction we list several...
Personal Property Appraisal and Valuations 314.962.4200
If you are insuring precious family heirlooms, settling an estate, applying for an SBA Loan, qualifying for an IRS deduction, considering a public sale of your assets or donating your property to a charity, Bauer, Kloeckener and Rose will provide you with a Uniform Standards of Professional Appraisal Practice, USPAP, compliant appraisal.
Our Personal Property Appraisal Services Include:
Antiques, family heirlooms, art objects and collectibles can be valuable assets. Unfortunately, most people rely on their homeowners insurance for protection against loss. They are unaware that their policies usually exclude antiques, coin collections, furs and fine art objects. To ensure complete replacement cost coverage for you rare and one-of-a-kind items, you should have your personal property appraised by a qualified appraiser.
Estate Settlement and Probate*
Many clients are unaware that the personal property of an estate must be inventoried and valued during the probate process. This requires the services of a qualified appraiser who must provide a value of the estate’s contents as of the date of the decedent’s death. If this is not done in a timely fashion, the estate may be rejected by the state court system.
We are experienced in providing legal appraisals for purposes of estate settlement and state probate that can assist you or your personal representative in their obligations involving state and federal tax liability.
Preparing and managing a civil divorce can be a complicated and difficult procedure. Laws differ from state to state, but each partner is often entitled to some portion of all marital property. Distribution of marital assets requires a careful description and valuation of furniture, accessories, jewelry, antiques and other household items. We can help by providing a careful inventory and accurate appraisal of your commonly held personal property. Your attorney will receive a thorough, objective report that meets the standards and guidelines of the Uniform Standards of Professional Appraisal Practice and satisfies the requirements of court-ordered, equitable distribution.
Charitable Donations, Gift Tax and Casualty Loss
If you’re considering making a tax-deductible, non-cash, charitable contribution or need to file a casualty loss claim, we can assist you with a federal tax appraisal. We follow the Internal Revenue Service’s strict requirements regarding the submission of formal appraisals from a qualified appraiser.
If you need an appraisal to establish the value of a personal property item that is the subject of an insurance damage claim, we can help. We are experienced in providing replacement cost estimates for antiques, fine art and general residential contents that have been damaged or destroyed by flood, fire and theft. We have assisted policy holders, insurance companies and professional carriers in their efforts to settle outstanding claims. We can also provide referrals to professional and licensed art conservators, restoration experts and authenticators in your area.
Bank and SBA Loans - Small Business Administration
Choosing a Credentialed Personal Property Appraiser is crucial to ensure a USPAP (Uniform Standards of Professional Appraisal Practice) compliant appraisal mandated by the IRS, U.S. Small Business Administration, many CPAs, attorneys and most lending institutions.
*Notice: We are not a law firm and do not provide legal advice. As laws differ from state to state, you should seek the opinion of an attorney for advice on legal matters