Appraisals can be of great benefit to establish a fair market value. This is not for insurance purposes or replacement value, that would be a certified appraisal. The purpose being, in dividing up an estate, prior to a sale, it allows fairness for all family members. On the other hand, if an estate does not have a high market value, it would make sense to know that in advance.
Some estate do not have working capital. In the liquidation process, costs are incurred. That being said, in order to not strain the estate we can tailor appraisal costs to the need of the estate. We try to meet the need without breaking the bank. Being able to establish a need for a sale or a need to donate can be valuable.
Here are some pictures showing some of our past appraisals and how they look.