Fine art appraisals to assist with estate tax and estate planning, insurance coverage, damage and loss claims, charitable contributions, equitable distribution and determining resale value.
APPRAISAL SERVICES
Dina Brown Art Appraisals provides an extensive range of professional valuation and advisory services customized to cater to the requirements of a diverse clientele. This includes private and corporate collectors, professionals in the fields of insurance and finance, legal entities, governmental organizations and non-profit institutions.
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Our objective is to furnish each of our clients with comprehensive and impartial appraisals of the highest quality. We achieve this with our experience coupled with the adhering to the highest standards of professionalism and integrity in our practice.
INSURANCE COVERAGE
Appraisals are an important part of owning art, and for protecting your art investment. Art values can change quickly and insurance coverage should be current - approximately every three years is advisable- to insure proper coverage in the event of damage or loss.
ESTATE
Appraisals play a vital role in estate matters, serving two primary purposes. Firstly, in the estate settlement process, an appraisal offers an impartial assessment of fair market value. Executors, attorneys, and accountants rely on this valuation to ascertain potential estate tax obligations accurately. Secondly, for estate planning, appraisals empower clients with insights into the value of their assets. This knowledge equips them to make well-informed decisions regarding future plans, encompassing considerations such as gifting, donations, and equitable asset distribution.
DAMAGE OR LOSS
In cases of damage or loss, the expertise of an appraiser becomes essential for restoring the insured party to their pre-loss financial state. These appraisals can yield different types of valuations, including replacement value, fair market value, loss-on-value, salvage value, or scrap value, depending on the specific circumstances and needs of the insured party.
NON-CASH CHARITABLE CONTRIBUTION
In accordance with IRS guidelines, when making a charitable contribution of an item valued at over $5,000.00, it's necessary to include an appraisal performed by a "qualified appraiser" along with your tax return. Furthermore, the submission of IRS Form 8283 is a requisite part of this procedure. It's important to note that these appraisals must adhere to specific language requirements to ensure the IRS accepts the deduction.
EQUITABLE DISTRIBUTION
An equitable distribution appraisal serves the vital purpose of ensuring a just and unbiased allocation of assets across a range of scenarios, including estate settlements, divorce proceedings, partnership dissolutions, and bankruptcy cases.
ASSET PLANNING
Whether a client intends to downsize and sell their assets or is seeking to determine the value of their art collection, an appraisal offers an objective valuation that assists in making informed decisions about their personal property.
RATES
Please enquire
e-mail: dina@dinabrownartappraisals.com
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All appraisals are prepared in compliance with the standards set forth by the Uniform Standards of Professional Appraisal Practice (USPAP) and the International Society of Appraisers (ISA). All donation appraisals meet the relevant requirements of Internal Revenue Regulation §1.170A-13 (c)3 and the requirements of IRS Revenue Procedures 66-49 and Publications 526 and 561.
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All reports are confidential and are not released to any party without the express permission of the client.
