If you are a homeowner, you will want to check your homeowner’s insurance policy in order to know what coverage limits exist on your valuables. There is a good chance that a separate policy schedule will be needed to cover certain items of value. Consult your insurance agent to determine if you need a personal property appraisal.
In our experience we have been witness to the disastrous effects of natural disasters on personal property. If your fine arts, antiques, or collectibles are not insured, you may be at risk of losing these items without recieving compensation.
MGF Appraisals performs appraisals for estate tax, gift tax, and estate distribution. We specialize in fine and decorative arts, and also in general household contents. Consult with your attorney or accountant who will advise you as to when you will need an appraisal.
A divorce is a trying time in a person's life but a personal property appraiser is indispensable for an equitable division of marital assets. In order to save time and money a property appraiser is the first professional that the adminstrator, arbitor or attorney should call.
Negotiations are usually quicker and simple.
The value of the assets are made irrefutable and acceptable by both parties.
Reduces attorney costs and litigation time.
When claiming a tax deduction on charitable contributions of fine art, decorative arts, antiques, and other objects of art, the IRS requires that the donor obtain an appraisal by a qualified appraiser when the fair market value of individual items or group of similar items donated is more than $5,000. MGF Appraisals performs donation appraisals in conformity with IRS requirements.
Appraisal Reviews
Damage Claims
MGF Appraisals performs appraisals for estate tax, gift tax, and estate distribution. We specialize in fine and decorative arts, and also in general household contents. Consult with your attorney or accountant who will advise you as to when you will need an appraisal.
From time to time we are requested to perform an appraisal review of an appraisal performed by another appraiser. In developing an appraisal review, MGF Appraisals will determine the scope of work necessary to solve the problem and correctly complete research and analyses necessary to produce a credible appraisal review.
Brokerage
We do not buy nor sell. However, our vast appraisal experience allows us to offer our clients the best venues for placing their items for sale. While an estate sale or an auction may be the best route, it may not be so. Each object or groups of objects is different and we will work for you to find the best solution.
We pride ourselves in preparing appraisal reports with the right details so that any reasonable person would agree with the value conclusion. Our appraisals are defendable in court and we provide expert testimony.