Appraisal for Inventory & Appraisal

Inventory and Appraisal is an important process to determine the value of a person's possessions. This process is typically used when a person is considering an insurance policy, creating an estate plan, going through probate, or preparing for an upcoming move. During the process, an appraiser will evaluate items that are to be included in the inventory and appraise them based on an assessment of their current market value. This value can then be used to establish an insurance rate, identify assets that may be of value to an estate, or simply to keep track of a person's possessions. The inventory and appraisal process can be very time consuming and should involve someone with experience in valuing items. Ultimately, inventory and appraisal is a process used to accurately determine the value of items in someone’s possession, which can be invaluable for many activities and planning.

An Inventory and Appraisal can be utilized during probate, estate planning, will trust, and other important matters to determine the fair market value of assets. During an inventory appraisal, a professional appraiser will carefully list and evaluate assets to determine their individual and collective fair market value. This includes any machinery, equipment, antiques, art, furniture, inventory, and other assets owned.