Personal Property Valuation
An appraisal document is an official document that determines the value of your personal property. It is prepared to comply with the Uniform Standards of Professional Appraisal Practice, (USPAP).
Appraisal reports are required for uses such as estate planning, charitable contributions, estate or gift tax preparation liabilities, insurance or damage and loss claims, equitable distributions, and sales advisory. Appraisals conducted for fine and decorative art enable owners to obtain an independent opinion of value with descriptions of the appraised property included in the report. We provide values for paintings, drawings, photographs, prints, sculpture, and object d’art related archival materials. Clients who own or wish to own such objects, including individual collectors, advisors, institutions, galleries, insurance companies, lending institutions, and attorneys, should engage a professional personal property appraiser with expertise in fine or decorative art.
The Appraisal Foundation was authorized by Congress as the source for determining the Uniform Standards of Professional Appraisal Practice. The IRS requires a qualified appraiser to verify documentation on the value of property in cases of gifts, donations and estate taxes. Our reports comply with the IRS guidelines and insure proper documentation for tax purposes.
Get in touch with us to set up a consultation, or use the contact form at the bottom of this page to enquire whether our services are right for you.
Contact
➤ LOCATION
One Main Street.
Hoosick Falls, New York, 12090
☎ CONTACT
barbara@sussmanart.com
(518) 205-5204 (office)
(518) 894-7845 (cell)
Areas of Practice
Insurance Appraisals
Insurance Appraisals are necessary in order to protect the value of your collection from loss due to fire, theft, damage etc.
Estate Appraisals
Estate Appraisals are required when an artist or collector dies. The estate must be given a value for federal tax purposes. Careful consideration to determine the Fair Market Value of the collection will ensure the estate is not improperly taxed. The estate planning appraisal offers an up to date determination of value which can be attached to a will.
Division of Property Appraisal
Division of Property Appraisal will help determine the division of personal property due to estate planning, gifting, divorce . A current appraisal provides the necessary information to help ascertain equitable distribution of the collection.
Donation and Gift Appraisals
Donation and Gift Appraisals are required by the Internal Revenue Service when a donation of one or more items are worth more than $5,000. The appraisal assures the value of the contribution for tax benefit purposes.
Sales or Purchase Advise Appraisals
Sales or Purchase Advise Appraisals include a marketing consultation with regards to analysis of buying and selling in the appropriate market to optimize financial benefit decisions regarding the collection.
“Nowadays people know the PRICE of everything and the VALUE of nothing”
Contact us now
Use the form below to contact us regarding your art service needs. You may also email or call us to make an appointment.