Estate Appraising
There is a wide variety of purposes for an estate appraisal. Common situations where an estate appraisal is needed include:
The equitable distribution of assets after a loved-one’s passing
Creating a basis of value (tax basis), after a loved-one’s passing, which can be used in the future for potential capital gains tax calculations
The equitable distribution of assets after the dissolution of a marriage
Estate Appraisals provide the value of jewelry items in terms of Fair Market Value (FMV) or Market Value, depending on the purpose.