Estate Appraisal Toronto GTA and Beyond - Art Antiques Collector items and more
Every family must sooner or later deal with the loss of a loved one. Such an emotional and tumultuous time can be exacerbated when there is no written will, or when the asset contents of the estate are not properly evaluated. Disagreements and conflict among family members is very common and can be easily bypassed with a valuation inventory of the personal property.
Some of our clients wisely foresee this and preemptively engage our services to get everything documented before they pass. This ensures that misunderstandings and feelings of unfair treatment among the various beneficiaries is avoided. Equitable division of assets can be prearranged and recorded clearly. An executor of an estate is responsible and accountable to act in good faith for the benefit of the estate. Arranging for a proper itemized written appraisal by a qualified and accredited industry professional is a key element of the process.
Our estate appraisal process starts with a personal site visit in order to inspect all the contents on site. We examine items for condition, and verify authenticity. Image records and measurements are recorded and become an integral element of our final itemization reports. Coupled with our subsequent industry approved research methodology, the final presentation content and format can be relied on with confidence, both internally among family members, and with the legal, accounting and trust professionals who are involved in the process.
Here are the steps that Empire Appraisers can take to assist with the estate appraisal process:
Contact the estate executor or lawyer: Empire Appraisers can work with the estate executor or lawyer to obtain a list of the estate assets and arrange for a site visit to appraise the items.
Conduct a site visit: Empire Appraisers will conduct a thorough site visit to assess the condition, quality, and value of the assets in the estate. They will document the items and take photographs to support their appraisal.
Research and analysis: Empire Appraisers will use their knowledge and expertise to research and analyze the value of the assets in the estate. They will consider factors such as the current market conditions, rarity, provenance, and historical significance.
Provide a written appraisal report: Empire Appraisers will prepare a written appraisal report that outlines their findings and conclusions. The report will provide an accurate and objective assessment of the value of the estate assets.
Testify in court: In some cases, Empire Appraisers may be required to testify in court as expert witnesses to provide evidence on the value of the estate assets.
Overall, Empire Appraisers can provide a comprehensive and reliable appraisal service for the contents of an estate, helping to ensure that the probate process is handled accurately and efficiently.