Houston Estate Tax Appraisals
Houston Estate Appraisals
Welcome to Prestige Estate Services! We’re Houston’s number one choice for fast, affordable, and accurate estate appraisals. A professional appraisal determines the fair market value of an estate, which is helpful if you want to sell the items, divide them among multiple parties, insure them, or take other actions.
Our expert appraisal team has over 75 years of combined appraisal experience. We provide complete, detailed valuations for all types of household and office items, including furnishings, electronics, clothing, jewelry, antiques, collectibles, and more.
Here’s a closer look at how we can help you!
What is an Estate Appraisal?
Our team will arrive at your home, office, or other Houston-area location to personally examine the contents of your estate. We’ll photograph, measure, and research each item. Plus, because we’re part of the nationwide Prestige network, we have fast access to appraisal experts across a wide range of specialized categories.
After completing our appraisal, we’ll provide you with a digitally-bound appraisal document. It provides a wealth of details about each item. We’ll organize the contents by category then list each item’s current value along with other relevant information such as its size and history.
All appraisal documents follow USPAP guidelines. Established by Congress, the Uniform Standards of Professional Appraisal Practice sets regulations for appraisals. USPAP appraisals are commonly accepted by courts, insurance companies, banks, and other professional organizations.
What are the Benefits of an Estate Appraisal?
Whether for a few items or an entire estate, appraisals have many benefits. The most common reasons why people use our services include:
You Want to Sell the Items
An appraisal is the first step for anyone interested in selling the contents of an estate. Understanding the value of the items helps you price them accordingly. Also, an appraisal can help you determine when to sell your belongings, as some items might increase in worth over time, while others will hold a steady value.
You Need to Divide Property
A neutral, professional appraisal is the easiest way to determine the value of any shared property. Our appraisal services help ensure the fair distribution of property during a divorce, business dissolution, or any other situation where items are owned by two or more parties. Plus, because we provide an impartial evaluation, we help remove emotion from a potentially contentious situation.
You Want to Insure the Items
A professional appraisal helps you determine how much homeowner’s insurance you need for replacement if an item is damaged or destroyed. Without an appraisal, your blanket homeowner’s policy might turn out to not provide enough coverage. Plus, USPAP-compliant appraisals are accepted by most insurance companies as proof of ownership.
You Want to Donate the Item to Charity
If you plan to donate items worth $5,000 or more to charity, and want to claim the donation on your taxes, the IRS requires an appraisal. Our USPAP-compliant compliant appraisals meet all IRS requirements, help you maximize your deduction, and avoid any potential penalties.
You Want to Sell a Home “As Is”
Also known as a turnkey sale, an as-is sale is when you sell both the house and all its contents together. An estate appraisal is the best way to determine the value of the home’s contents, which then helps you set a fair market price for the sale.
Experience the Prestige Difference
Meet the hometown team you can count on! We proudly serve the Woodlands, Sugar Land, Katy, and the entire Houston area. We’ll always treat you right with fast, friendly service and affordable prices.
Aside from family members and heirs, we also have experience working with attorneys, bank representatives, executors, and other estate-related professionals.
Turn to us for all of your Houston estate appraisal needs. To schedule an appraisal, or learn more about our services, send us an email or call us today at (713) 429-0309.
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