Appraisals prepared by Shari Cavin comply with the highest standards in the field, known as USPAP, Uniform Standards of Professional Appraisal Practice. As a Certified Member of the Appraisers Association of America, I adhere to their strict code of professionalism and ethics. Appraisals are necessary for the following purposes:
• Fine Arts Insurance
• Damage and Loss claims
• Settlement of Estate Taxes
• Non-cash-charitable contributions with tax benefits
• Equitable Distribution, for divorce or business dissolution
• Disposition of collections or individual works
For one’s maximum protection, all appraisals should be prepared by a qualified appraiser. The IRS will only accept estate and donation appraisals prepared by a qualified appraiser, defined in IRS publication 561 as an individual who has earned an appraisal designation from a recognized professional appraiser organization for demonstrated competency in valuing the type of property being appraised. As a Certified Member of the Appraisers Association of America (one of the “appraiser organizations” recognized by the IRS) and as the co-owner of a gallery for over 26 years, I fulfill the IRS’s requirements.
For Inquiries about Art Estimates contact scavin@cavinmorris.com