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Appraisal Services

Appraisals with BobWhether you are insuring precious family heirlooms, settling an estate, considering a public sale of your assets or donating your property to a charity, Harrison Appraisals, LLC can assist you with a formal, qualified appraisal.

A qualified appraisal can reduce your financial risk by providing an informed and unbiased opinion of your valuable personal property.

Insurance

Antiques, family heirlooms, fine art and collectibles can be valuable assets. Unfortunately, many rely on their homeowners insurance for protection against loss, damage or theft. They are unaware that their policies usually exclude antiques, coin collections, furs and fine art objects. To ensure complete replacement cost coverage for your rare and one-of-a-kind items, you should have your personal property appraised by a qualified appraiser. We specialize in providing appraisals for purposes of insurance replacement often required in claims involving loss, moving damage, theft, damage or destruction from fire, smoke or flood.

Estate Settlement and Probate*

Personal property appraisals are often part of estate planning. Many states, including Maryland, Pennsylvania and Virginia, require that personal representatives and executors of an estate submit an inventory of the decedent’s tangible assets as part of the probate process. If this is not done in a timely manner, the estate could be challenged and the probate process could be delayed. We are experienced in providing fair market value appraisals for purposes of estate settlement and probate, determining state inheritance and estate tax liability, and establishing trusts.

Divorce*

Preparing and managing a civil divorce can be a complicated and difficult procedure. Laws differ from state to state, but each partner is often entitled to some portion of all marital property. Distribution of marital assets requires a careful description and valuation of furniture, accessories, jewelry, antiques and other household items. We can help by providing a careful inventory and accurate appraisal of your commonly held personal property. Your attorney will receive a thorough, objective report that meets the standards and guidelines of the Uniform Standards of Professional Appraisal Practice and satisfies the requirements of court-ordered, equitable distribution.

Charitable Donations, Gift Tax and Casualty Loss

If you’re considering a tax-deductible, non-cash, charitable donation or need to file a casualty loss claim, we can assist you with a federal tax appraisal. We follow the Internal Revenue Service’s strict requirements regarding the submission of formal appraisals from a qualified appraiser.

Damage Claims

If you need an appraisal to establish the value of a personal property item that is the subject of an insurance damage claim, we can help. We are experienced in providing replacement cost estimates for antiques, fine art and general residential contents that have been damaged or destroyed by flood, fire and theft. We have assisted policy holders, insurance companies and professional carriers in their efforts to settle outstanding claims. We can also provide referrals to professional and licensed art conservators, restoration experts and authenticators in your area.

Expert Witness

We are also available for expert witness testimony and litigation support in many areas. Contact us for more information.

*Notice: We are not a law firm and do not provide legal advice. As laws differ from state to state, you should seek the opinion of an attorney for advice on legal matters

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