Austin Estate Appraisals
This type of appraisal is required for establishing the value of an estate for tax purposes. Federal law requires that each piece be valued at the fair market value at the time of death. Fair market value for these purposes is hypothetical and determined as the price a willing buyer would pay a willing seller, both parties with full knowledge of the piece and no constraint to buy or sell at that time in its most common marketplace. Comparable sales must be found and listed with these appraisals.