For inheritance purposes, an appraisal report is used to assess the total fair market value of an estate. You may have to provide one for a notary or the court in order to get a will probated. We will come on site to assess home contents and other possessions before creating documentation for your case.
You may want to use your property assets (machinery, specialized equipment, jewelry, or art) as a guarantee on a mortgage, business, or personal loan. The circumstances of the loan can be decided based on a report made by an accredited appraiser.
Divorce or business dissolution
After a divorce or a business dissolution, a professional appraisal is a precious reference for the even distribution of personal property according to their fair market value. We service both lawyers and individuals – Appraisal Quebec is a certified proprietor and our reports are defendable in court.
Our government provides enticing tax credits on donations given to registered charity organizations. Donations are not limited to monetary gifts – you may choose to donate artwork, antiques, or jewelry. It’s necessary to provide an appraisal report for deductions of over $1000 in order to take advantage of government tax deductions.
An appraisal report provides credibility to your insurance inventory and gives you better knowledge of how much insurance coverage is adequate. It aims to estimate the replacement or reconstruction cost of your property. In the case of antiques, art and collectibles, value can differ wildly from the acquisition price.
Any collector benefits from having a professional appraisal on hand in case of a dispute with the insurer. An evaluation can be made before or after a loss occurs, but prudence is recommended.