Equitable Distribution
Equitable distribution appraisals play a key role in the equal division of assets in situations such as divorce, the dissolution of a business, and the division of an estate among heirs.
An equitable distribution appraisal provides a firm value that can be used by individuals, attorney’s, personal representatives, and more in the process of equal division of property amongst multiple people.
The types of values researched and determined for an equitable distribution appraisal can be one of several different values such as fair market value, orderly liquidation value, market value, value in place, and more depending on the client specific situation.
An equitable distribution appraisal assists in the process of equal division of assets in a multitude of situations and could be an appropriate fit for an estate when the appraisal will not be used in conjunction with any IRS or state level filings.
Appraisals for Equitable Distribution
What an Appraisal Report Can Do for You
An appraisal report provides an unbiased, third-party statement of value on the item(s) to be divided
In an equitable distribution, an appraisal report can assist in the division of assets by ensuring that each individual or party involved receives an equal share of the assets being distributed.
Provides a firm statement of value (not a range)
Provides a Value of your item(s) based on a specific definition of value such as fair market value dependent on the client specific situation. (*Depending upon the definition of value utilized for an equitable distribution appraisal report, additional deaccessioning costs can be included in the final statement of value if they can be accurately determined at the time of the writing of the appraisal report.)
Each report is tailored specifically to your situation and needs. Please read below to learn more about the appraisal process - the types of items I appraise, pricing, and more!
Click HERE to request additional information and a quote for your appraisal report.
Image Source: Sketch of Interior Design, before 1918. August Frederick Biehle, Sr. (American, 1854–1918). Watercolor; image: 71.1 x 40.7 cm (28 x 16 in.). The Cleveland Museum of Art, Gift of Mr. and Mrs. Frederick A. Biehle 1984.1057
Appraisal Pricing
What types of items do I appraise?
I specialize in 19th and 20th century fine art and decorative art objects. This includes antique and vintage items such as: silver, American, English, and French furniture, ceramics, pottery, porcelain, books, vintage fashion, glass, textile, toys, paintings, sculpture, works of art on paper, prints, frames, photography, and general household contents.
What is an appraisal?
An appraisal is an opinion of value. It is the act or process of determining value, estimating cost, or calculating the present worth of forecasted earnings.
An appraisal report is a written report of an appraiser’s opinion of value of an item(s) or collection(s) evaluated.
Appraisals are supported by facts. Appraisal conclusions are arrived at through systematic and thorough analysis, and processing of all relevant factors.
Definitions taken from the International Society of Appraisers
Why do I need an appraisal?
There are many reasons and situations where a USPAP-compliant appraisal report is needed.
Reasons for an appraisal include:
Obtaining insurance coverage
Insurance Damage/ Loss Claim
Equitable distribution for an estate
Estate Planning
Liquidation of Assets
Loan Collateral
Equitable distribution for a divorce settlement
Desire to know the value of an item(s)
Pre-Move Inspections
What is an appraiser?
An appraiser is a professional who specializes in providing opinions of value (appraisals) and valuation services in an independent, impartial and objective manner.
Professional appraisers have taken courses and have been trained in appraisal theory and methodology as well as specific product and specialty knowledge.
ISA appraisers must take classes, pass exams, and subject their reports to peer review as well as meet USPAP and minimum experience requirements.
Definitions taken from the International Society of Appraisers
FAQs
Who do I work with?
Anyone who can benefit from an appraisal report!
Examples Include:
Individuals
Families
Estate Attorneys
Attorneys
Real Estate Agents
Certified Public Accountants
Insurance Agents
Personal Representatives of Estates
For-Profit Businesses
Non-Profit Businesses
Community Foundations
College/ University Foundations
Churches
Museums
Can you do an appraisal virtually and/ or by photograph?
Yes, in many cases an appraisal can be completed by photographs and information provided by the client.
How quickly will I receive my appraisal report?
Time Frame: Two Weeks to Several Months
Completion of your appraisal report will depend on several factors: the number of items being appraised, amount of research involved with each item(s), and if additional expert opinion is required. (For example, if you have an insurance claim for a painting that has been damaged, a painting conservator will need to be contacted to obtain a quote for the repair of the painting.)
Do you accept credit cards?
Yes, I accept payment in several formats: cash, check, wire transfer, and credit card.
Physical Locations/ Regions Served
Counties/ Regions Served: Upstate, South Carolina (Spartanburg, Greenville, Union, Laurens, Abbeville, Anderson, Cherokee, Greenwood, McCormick, Oconee, Pickens); Western, North Carolina (Asheville, Hendersonville, Tryon, Lake Lure, Brevard, Columbus, Rutherfordton, Spindale, Hickory, Marion, Shelby, and Morganton); Midlands, South Carolina (Richland, Lexington, Newberry, Columbia, Irmo, West Columbia, Cayce, Forest Acres)