Why Use a Personal Property Appraiser?
Whenever there is a question about the value of your personal property, there is also a risk involved. It may be the risk of selling too low, or of paying too much; the risk of being under or over insured; the risk of not getting your fair share in a division of property; or the risk of incurring tax penalties or being audited when claiming a deduction for a charitable contribution or when calculating estate taxes. A professional appraiser helps you manage these and other such risks by providing a written opinion of value upon which you can base your financial decisions. Rather than being just an “educated guess,” the professional appraiser’s value conclusions are based on prescribed methods or evaluation, research, and report writing. Bankers, financiers, investors, insurers, adjusters, estate managers, trustees, executors, attorneys, judges, and federal and state tax agencies are ALL dependent upon the knowledge and expertise of the personal property appraiser, and so should you be.
