Spalding Nix is an Accredited Member of the American Society of Appraisers & is available by appointment to appraise fine art, antiques & collectibles. Mr. Nix's appraisals comply with the Uniform Standards of Professional Appraisal Practice (USPAP) established by the Appraisal Foundation as well as the technical & ethical requirements of the American Society of Appraisers.
INSURANCE or REPLACEMENT VALUE for underwriting or loss or damage.
FAIR MARKET VALUE for estate planning & tax reporting, gift taxes & charitable donations, property distribution, mergers & acquisitions, or loan collateral.
INFORMATIONAL or MARKETABLE CASH VALUE for possible purchase or resale, in the event of a forced sale, or personal use.
When is an appraisal necessary?
To determine the Replacement Value, most commonly at retail, of an object in order to accurately provide for insurance coverage.
Gift Taxes & Charitable Contributions:
To determine the Fair Market Value of an object given to an accepting organization or institution in order to aid in establishing the donor's income tax deduction.
Estate Planning & Tax Reporting:
To determine the Fair Market Value of an object in connection with the preparation of estate tax returns, or to assist in estate planning, &/or in the distribution of assets.
Divorce & Property Division:
To determine the Fair Market Value of an object in order to assist in the equitable distribution of property that is jointly owned by individuals, business associates, or corporations that may be changing ownership.
Loss & Damage Claims:
To determine the Replacement Value of an object lost or damaged and/or diminution of value as a result of the damage. Utilized to aid or facilitate claims settlements.