Probate appraisals are probualy the most important appraisal that is needed at a time that is often stressful and emotional. I have been working with clients independently and or via their attorneys in Delray Beach, Boca Raton and South Palm Beach County for 35years. The purpose of this type of appraisal is to establish THE FAIR MARKET VALUE.
Fair market value can be needed for many reasons but the interpretation of the term is always the same.
That is how much an item can be sold for by the seller to a buyer for immediate payment without any outside influence or pressure. This is the value that the IRS AND THE COURTS use. It establishes the real cash value.
It is always advisable to consult an attorney before obtaining this type of appraisal.
The format must be acceptable to all parties involved and your attorney is the professional that will advise you if you actually need such documentation.
Unfortunatly jewelry can cause confict between parties involved. This type of appraisal can help solve that conflict with the advise of your attorney.