Our clients know that having complete coverage up front is far better than relying on blanket policy coverage when guarding against the risk of damage or loss to their fine and decorative art collections. How do you ensure you have adequate coverage? An up-to-date appraisal, compliant with your insurance carrier's requirements, determines the accurate replacement value for coverage.
We provide our clients sound appraisals, based on up-to-date market conditions. Should part or all of your collection incur damage or loss, that up-to-date appraisal with our accurate value conclusions will eliminate the chances of disputes making the claims process easier and ensure complete compensation.
Donating all or part of your fine and decorative art collection to a public or charitable institution passes on a significant benefit to the community. That generosity is recognized by the IRS in the form a charitable donation deduction, but qualifying for the deduction is often not straight forward.
There are a number of factors, including usage, that dictate whether the donation qualifies as a deduction or not. A&A Appraisals has prepared numerous appraisal reports that meet the strict requirements of the IRS for charitable donations. Clients count on our thorough appraisals to qualify for the deduction.
Knowledgeable clients plan ahead for the distribution of assets in their estate. Good estate planning should reduce estate distribution related expenses, including taxes, and assure the desired transfer of assets to heirs. In order to develop the most effective estate plan possible, your advisors need a complete accounting of your net worth — one that encompasses all your valuable assets, including your fine and decorative arts.
A&A Appraisals knows what's required to correctly value your works of art for effective estate planning. We frequently advise clients on valuation questions and provide them complete fair market value appraisal reports of their artistic assets — giving them confidence that their estate planning efforts will be thorough and accurate.
The IRS and courts have strict rules for probate and estate tax reporting. Appraisals by an expert independent appraiser are usually required to establish the estate's value. At A&A Appraisals, we are experts at appraising antiques, decorative arts and fine arts.
Our clients count on us and our experience to compile the fair market value appraisals they submit to the IRS. We keep up to date on all IRS reporting requirements, by regularly attending IRS seminars. When a question arises, we consult directly with the IRS Art Advisory Panel to ensure we comply with their reporting procedures. The diligence, meticulous research and thorough analysis we invest in putting together your fair market value appraisal ensures your value claims will be accepted by the IRS.
In the event of damage or loss, A&A Appraisals can provide pre-loss, post-loss, post-restoration and loss-in-value appraisals to aid the insurance claim process. To provide a quote for a damage appraisal, we need an identification of the damaged work(s) and a description of the damage that occurred.
The dissolution of property requires fair, objective and impartial valuations. We work with attorneys and clients to determine accurate fair market values of the parties' fine and decorative arts in order to assist with an equitable division of property.
Bankruptcy can be a trying and complicated process. Should you and your attorney determine that an appraisal of your fine and decorative art collection is required, A&A Appraisals will provide you with fair and accurate valuations of the works in your collection.
We offer various virtual appraisal options to suit a range of comfort levels and budgets. Clients and advisors can securely send object documentation and details to our Appraisal Team via mail or direct upload. All objects and their corresponding photos, documents and details will be placed in our secure, proprietary collection management system and valued by our expert team. Additionally, we can work with any digital asset management system being used by the client.
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