An Appraisal is Not an all Inclusive Document and there are many Specific Types of Appraisals Suited for Specific Needs


Insurance Appraisal

An insurance appraisal is used to determine the retail replacement cost for insurance scheduling. The most common retail replacement cost of like, kind and quaility. An item that is signed such as "Tiffany, Cartier, Bulgari etc..." has only one replacement level and that is from the original signed source.


Estate

This appraisal is used to determine the Fair Market Value (FMV) for estate tax liablilty. Estate tax is levied on the FMV of an item on the date that the owner relinquishes possession, which is generally the date of passing. Reports are prepared in accordance to the requirements of the Internal Revenue Code as well as the California Probate Codes.


Equitable Distribution

Equitable distribution appraisals require the assignment of the appropriate value levels to ensure fair division of property. The under-lying principle of the valuation is that it estimates the amount of money necessary to replace the utility or the enjoyments of property that is being divided making it fair for both the party retaining the property and the party taking compensation.


Marketable Cash Value

The anticipated net proceeds or the cash-in-hand that would be yielded from the orderly sale of a property. This depends on the type of buyer such as a dealer who buys to resell, auction market, consignment, private sale etc...
If you have jewelry to sell, please contact me for a further explaination.


Charitable Donation

To assist in determining the Fair Market Value for an income tax deduction. Value conclusions are effective as of the date of contribution. The specific dollar amount is obtained by taking into account the FMV of comparable items and their cost in their appropriate market. FMV is a specific hypothetical concept of value formulated by the Federal Government to use in the context of tax liability assessment. It is the only value accepted by the IRS...for charitable donations.


Conservatorship

A conservatorship is a legal proceeding in which a person or entity is appointed to manage the financial affairs or personal care or both of someone who is either physically or mentally unable to handle their own affairs. “(a) Conservator means the conservator of the person. [Calif. Probate Code §2350].” Technically, the court is the superior (actual) guardian or conservator while the appointed conservator is an officer of the court. The court oversees the actions of the conservator.