By: David Stern
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Probate Appraisals and Fair Market Value
Probate Appraisals are probably the most significant appraisal that is needed at a time that is often stressful and emotional. I have been working with clients independently and via their attorneys in Delray Beach, Boca Raton, and South Palm Beach County for 35 years. The purpose of this type of appraisal is to establish THE FAIR MARKET VALUE.
Fair market value can be needed for many reasons, but the interpretation of the term is always the same. That is how much an item can be sold for by the seller to a buyer for immediate payment without any outside influence or pressure. This is the value that the IRS AND THE COURTS use. It establishes the real cash value.
It is always advisable to consult an attorney before obtaining this type of appraisal. The format must be acceptable to all parties involved, and your attorney is the professional that will advise you if you need such documentation.
Unfortunately, jewelry can cause conflict between parties involved. This type of appraisal can help solve that conflict with the advice of your attorney.
After 35 years experience facilitating this kind of appraisal, I know how to work with one person or conflicting parties in a way that will defuse tension and in many cases resolve the value disagreements.
I am available to anyone with questions regarding the above at no charge. You can reach me by phone at 1.561.994.3330 or come by my store at 21073 Powerline Rd. Boca Raton Fl 33433.
All appraisals are done in full view of the client and the items never leave their possession. The appraisals can be done privately in my office or at your choice of location by appointment