The importance of a USPAP compliant appraiser
Not everyone is looking out for your best interests.
The independence, expertise and experience of our appraisers is critical to establishing a credible valuation. Appraisley’s appraisers are all background-checked and follow the the U.S. Congressionally authorized source of appraisal standards and appraiser qualifications set forth by the Appraisal Standard’s Board through the Appraisal Foundation’s code of ethics of the Uniform Standards of Professional Appraisal Practice (USPAP).
A USPAP compliant appraiser must be re-accredited (courses must be taken at least every 2 years). This ensures that you get a professional, independent appraiser who is up-to-date on the most recent methodologies and standards in appraising. Your appraiser will define the scope of work, and approach to value to meet your needs. With Appraisley you’ll get both a digital and printed certified report.
We care because we’ve been there.
Many of our team members have experience with loss, grief, and the overwhelming task of downsizing or “dealing” with items left behind by our loved ones. We take a sensitive and confidential approach to all of our new projects, and are committed to working with you to find solutions.
Why get appraisals in connection with estate planning?
Estate planning is often overlooked and misunderstood. The American Society of Appraisers offers the following tips about why to get appraisals.
• Privately held business interests (stock, partnership units, etc.) are required by IRS regulations to have an appraisal to support values claimed on estate or gift tax returns.*
• A professional appraisal provides the client some insurance against an IRS audit and professional support in case of audit.
• Costs of appraisals are deductible expenses on estate tax returns and sometimes in estate planning (e.g., family limited partnerships).
• Have a full appraisal report done on the most important pieces in your collection. An accredited appraiser can help determine which pieces require a full report. He or she can also help catalog and identify the rest of the collection.
• The appraiser can often assist an attorney in structuring an estate plan. This will maximize the tax benefits for the client by providing the attorney with strictly a “value” point of view.
• Appraisals can provide a benchmark of value for an asset or collection. This way subsequent appraisals will illustrate the growth (or decline) in value.
*Appraisley does not appraise these.