WHY APPRAISE?
Why Would One Need An Appraisal?
Appraisers
fulfill an important function in today's society. A professional personal property appraisal is a legal document, a financial instrument, and a consumer protection exercise. In Estate Settlement, it can aid in last will and testament clauses and assist estate planning and settlement, providing a medium of equitable distribution of assets to heirs. It also provides an important function in charitable gifting (IRS or otherwise).
Major Functions Of Appraisals Can Include
- Insurance Coverage
- Estate Settlement and Planning
- Charitable Donation
- The determination of fair market value for possible resale
Why Choose ACA?
Kent W. McDonald, director of Appraisal and Connoisseur Associates, is accredited through the ISA and has had considerable experience, in dealing with not only private clients, but with attorneys seeking to serve the diverse needs of their clients. Mr. McDonald has been an early member of the International Society of Appraisers, headquartered near Chicago, Illinois. His active membership and participation in rigorous re-qualification programs include USPAP (Uniform Standards of Professional Appraisal Practice) which is the Federal standard governing all appraisers.
ACA is qualified and up to date with insurance industry standards regarding insurance appraisals, both for obtaining coverage and performing casualty loss appraisals.
We are also current on requirements for producing estate appraisals. This covers IRS mandated appraisals for individuals whose net worth at the time of death exceeds the federally determined threshold. Likewise, equitable distribution appraisals require a high degree of expertise with knowledge of applicable markets for a wide variety of household effects, be they common collectibles or high-end fine art. Crucial is an intimate knowledge of highest and best use for a family's treasures, acquired over a lifetime of collecting.
Appraisal & Connoisseur Associates is also qualified to meet the stringent standards for IRS charitable donation appraisals for those wishing to receive a tax deduction for gifts of personal property to charitable organizations. This drafting of this type of appraisal requires exceptional care to avoid a federal audit. A well-crafted donation appraisal can withstand the most intense scrutiny by federal agents.
ACA also performs fair market appraisals for possible resale for all manner of collectibles, be they fine or decorative arts and crafts, or valuable antiques.
Last but not least, we offer inexpensive consultations for clients who are curious about the value of an old family property. Finding possible treasures among more common articles can be a challenge for those who have only a casual interest in collectibles. However, the thrill of discovering an item of real worth is part of what makes appraising worthwhile. Call 505-265-2842
to learn more.