Precise appraisals contribute to an accurate assessment of the estate's overall value. This is crucial for proper estate planning, helping clients make informed decisions about asset distribution and tax planning.
Fine jewelry and watches often appreciate in value over time. Regular appraisals help clients track the changing value of their assets, allowing them to make strategic decisions for wealth preservation and growth.
In cases of inheritance or family wealth distribution, accurate appraisals ensure that each heir receives a fair share of the estate. This can help prevent disputes and maintain family harmony.
In the event of a client's passing, accurate appraisals simplify the probate process by providing a clear valuation of the jewelry and watches within the estate. This can expedite the settlement of the estate and minimize potential conflicts among heirs.
You should have a recorded inventory of your jewelry & watches it. You may not need the full detail that an insurance appraisal has, but you want a document with your items listed, a brief description, their condition, and optional current value . View a sample here
For clients considering donating jewelry or watches to charitable organizations, a proper appraisal is necessary for tax purposes. It helps establish the fair market value of the donated items, allowing clients to maximize their charitable contribution deductions.
The term liquidation refers to selling the estate's jewelry. Selling at an "open house" estate sale is normally not a good idea, due to safety reasons and other factors. We can help you sell and get the most money possible. And like many estate companies there are no commissions involved.
Accurate appraisals ensure that fine jewelry and watches are adequately insured. In the event of theft, loss, or damage, insurance coverage can help clients recover the financial value of their assets.
Jewelry Estate Services
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