ESTATE PLANNING & ESTATE TAX
The Fair Market Value estate planning or estate tax appraisal document aids in decision-making as it pertains to equitable division of estate property among heirs and beneficiaries.
INSURANCE
Insurance appraisals are for Retail Replacement Value. They are intended to represent the value it would take to replace the whole collection quickly in the event of a major loss.
DONATION APPRAISALS
Donation appraisals are for Fair Market Value.
- Donation appraisals are delivered to clients with an 8283-tax form and can be submitted to the IRS to obtain appropriate tax deductions.
- For Clients who have works of art or collectibles which they would like to donate, but do not have a specific institution in mind, MCQ can advise on an appropriate institution and oversee communication to confirm acceptance of the donation.
DAMAGE OR LOSS APPRAISALS
Insurance appraisals are for Retail Replacement Value. They are intended to represent the value it would take to replace the works.