An estate jewelry appraisal takes place when a family member passes away
Normally, the jewelry items are divided among family (Equitable Distribution)
At times, the items may be subject to to taxing, according to state and federal regulations
The two main types of appraisals in this case are listed below. A Probate appraisal in many cases can also be used for equitable distribution purposes
Determines value of the piece so that collectively the jewelry
can be divided equally to family members/friends. These appraisals can be done
before or after the passing of the owners.
Usually a fair market value is used ( less than normal retail )
This report is for estate evaluation purposes and is necessary to determine inheritance taxes on an estate. Jewelry
values for estates are legislated to include specific information and data. Fair market value is used for this type of
valuation and it is always necessary to include comparable sales.
We will sort through the jewelry to determine what is considered fine jewelry or "costume jewelry"- that which does not contain any precious metals or genuine gemstones. Pleas be aware that some of this type of jewelry can also have a substantial value-especially if it is hallmarked and considered "vintage"