Personal property appraisers play an important role in helping their clients handle the 3-D’s – death, divorce, and disaster.
For example, after a natural disaster occurs, such as a flood, an appraiser may be asked to perform an appraisal to determine the value of items that were lost, prior to and subsequent to the disaster.
When a loved one dies, a personal property appraiser can perform an appraisal on the items included in the estate for the purpose of equitable distribution, and determine the best venue in which to sell items which the estate does not wish to keep.
Another often unexpected event that an appraiser can help with is divorce. Appraisers can provide an appraisal for Fair Market Value to assist in the equitable division of personal property.