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Estates, Trusts & Equitable Distribution Jewelry Appraisals

If your appraisal need involves an Estate, Trust and/or an Equitable Distribution scenario the assignment must adjust to meet the often unique need of the executor or bank trust department.

Do you need an estate jewelry appraisal report for IRS filing or court?

If the estate is subject to federal estate tax, a detailed report will be required to establish the fair market value for each item. Estate appraisals subject to IRS scrutiny entail additional market research for significant jewelry items. These appraisals will list the documented sales prices of comparable items (e.g. researched sales at auction). When applicable, these prices are followed by an analysis of the similarities and differences between the item in question and the comparable item(s) assisting the reader (e.g. IRS agent) to understand the fair market value conclusion in the report. Naturally estate appraisals require more time and research and are billed by the hour or we can quote a fixed price on the entire assignment.

If not, is the issue one of equitable distribution? Would you still need a jewelry appraisal report?

Often estates and trusts are not subject to federal estate tax but a report documenting every item is still desirable. For example, these less formal reports are useful to help with the equitable distribution of the estate/trust assets. Often these appraisals require less detailed market research and consume less time. While the same hourly rate applies the costs are consequently reduced.

Or, do you simply need consultation to help identify and establish a market value for the items?

Finally, in those situations wherein no printed report is required but information to assist with the equitable distribution of the assets is needed we provide a consultation option. The same hourly rate applies (there is a one hour minimum), however, because no report is produced and no photos are taken the amount of billable time can be significantly reduced.

Cost and Billing

  • All Estate, Expert Witness and Consultation assignments are billed by the hour at $250 per hour.
  • If you like we can provide a fixed quote of your costs at the beginning of the assignment.
  • A contract and retainer may be required and the bill is payable in full when the project is complete and at the time the report is delivered.
We do contract assignments outside our office for significant collections. More details….
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