Services provided by Ms. von Brachel include personal property appraisals of photographs for charitable donation, estate valuation, and insurance. Appraisals are objective, well-researched and compliant with the Uniform Standards for Professional Appraisal Practice (USPAP).
Charitable Donation
The Internal Revenue Service requires that a deduction for donations of art with a fair market value of $5,000 or more be supported by a written appraisal by a qualified appraiser. For objects valued at $20,000 or more, the donor must attach a complete copy of the signed appraisal along with their tax return.
Estate Valuation
The Internal Revenue Service also requires that an estate valued at a certain amount ($5,000,000 as of 2012) be accompanied by a fair market value appraisal of tangible personal property written by a qualified appraiser.
Insurance Valuation
An insurance appraisal assesses the retail replacement value of an artwork or other personal property so that the owner can maintain the appropriate coverage with their insurer. A properly researched and written appraisal will help protect owners from being inadequately compensated in the event of damage or loss.