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DO YOU NEED AN APPRAISER AND HOW DO YOU VERIFY THE APPRAISER IS QUALIFIED?

DO YOU NEED AN APPRAISER AND IF SO  HOW DO CHECK IF THE APPRAISER IS QUALIFIED?
The Appraiser Workshop – AW
recently published the following on their blog.


www.appraiserworkshops.blogspot

Published by Todd W. Sigety, ISA  CAPP, and Jane C.  Brennom,  ISA ASA
Their blog dated January 25, 2013 explained the importance of having an up-to-date value assessment by a qualified professional appraiser for insurance and damage appraisals. Reference was made to a Canadian fine art underwriter  (Mr. Anton Antonov of Fine Art Underwriter for XL Group in Toronto) who stressed the importance of obtaining fair market value for:
Establishing equitable distribution of property.
Determining an art donor’s income tax deduction if art is given as a charitable donation.
Proving the value of an object in anticipation of a potential sale to determine  the value of an object under consideration for purchase.
Verifying preparation of estate tax returns, assisting in estate planning or aiding in the distribution of assets.
Helping with asset management, loan collateral and related financial and legal matters that can be tied to an art collection.
Mr. Antonov recommends hiring an appraiser who is certified by a nationally recognized organization and to ask the following questions to find the right appraiser:
What are your qualifications/credentials?
What is your experience with regard to the objects to be appraised?
Do you have a vested interest in the items to be appraised?
Cost?
What will you deliver at the end of the appraisal process?
I hope this helps to understand what  services an appraiser could render.
Cheers,
Elisabeth (ISA CAPP, ASA) and Natasha
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