4 Events that Call for Antique Furniture Appraisal
Knowing the value of antique furniture is helpful for a great many things, especially when it has an impact on your personal or family finances. But how do you know when a certified antique furniture appraisal is in order?
Here are four types of events where we typically recommend an appraisal for your valuables:
Have you ever known someone who was left with a bunch of “stuff” after a family member passed on? Turns out, most beneficiaries have no idea what the current market value of those belongings is – no matter how close the family might have been.
In some cases, antique furniture simply remains in the family. However, if the furniture is part of an inheritance that belongs to more than one person, then an appraisal is especially beneficial.
Antique furniture appraisal simplifies equitable distribution among heirs, making the process a little less personal and – hopefully – less emotionally charged.
If you are an antique fanatic (like us!), then you may already understand the importance of insurance for your valuables. However, if you happen to have antique furniture that is not protected, then an appraisal can help you determine how much coverage you need. With some insurance plans, an appraisal may even be required.
Do you want to leave your valuables to your children or other family members? Not only is it important to understand if your furniture is antique or vintage; but you also need to know the value of antique furniture.
The success of an estate planning process depends on an accurate valuation of personal belongings, including any furniture, art, collectibles, or vehicles that may be of high worth. You can get that with an antiques appraisal.
When someone is considering estate liquidation, they often are not aware of the true value of their items. This is why an appraisal is such an important part of the estate sale process…to ensure that the sellers are receiving as close to the full value as possible.
When an antique furniture appraisal is performed for an individual or family, there is no question as to whether or not the item has significant value.
Whether any of these events apply to your current situation or not, it’s good to know when an appraisal is in your best interest. Remember, if you do hire an appraiser for your antique furniture or other valuables, be sure he or she is certified by the American Society of Appraisers, Appraisers Association of America or a similar qualifying group.