Estate Planning
Estate Planning is Not for the Faint of Heart!
Estate planning attorneys have the difficult job of helping each client appraise their personal property assets before death and documenting their client’s wishes in a legal document. Especially with a large estate, the task can seem overwhelming to the client and attorney alike. Often the benefactor has no idea of the value of his assets to his heirs, either their monetary value or their sentimental value. It becomes even more difficult if the estate attorney is distributing the client’s assets after his death without an inventory or appraisal of the estate. Let us help. Since 1998, Asset Verification, Inc. (AVI) has been providing detailed personal property appraisal and inventory services to affluent individuals and families worldwide. AVI’s services provide our clients with effective tools to distribute all personal property assets fairly to all beneficiaries.
Estate Planning Tools Can Help
Instead of doing this work the old-fashioned way, manually estimating the value of each item and handling settlement disputes among beneficiaries, AVI’s estate planning and settlement processes provide a less complicated and more orderly distribution. If your client chooses to purchase appraisals for his estate items, our USPAP¹-compliant appraisal process assures impartiality and the accuracy of each item’s value. AVI’s processes also virtually eliminate any “errors and omissions” liability on the part of the estate planning attorney.
Empowering the benefactor to plan the distribution of his estate before his death makes everyone’s life easier at settlement time. The benefactor can make it clear what his final wishes actually are. Beneficiaries can be involved in the planning process. Many of your clients would love to know about AVI’s planning and settlement tools. Why not give us a call and learn more?
How Do AVI’s Estate Planning & Settlement Tools Work?
When you choose AVI’s All-Inclusive service, AVI completes the inventory and appraisal work, and the benefactor can begin to allocate his personal property assets on our Estate Planning & Settlement platforms. He can designate the beneficiary for each item or allow the beneficiaries direct access to the report to choose the items themselves. Only the benefactor can see all the items that have been selected by each beneficiary. The benefactor can even go back in when everyone has made their choices and balance the distribution.
When you choose our 3D HomeScan service instead, appraisals are optional, but benefactors can still use their interactive 3D video to allocate their possessions to their beneficiaries.
AVI’s processes and platforms make the equitable distribution of assets measurable and verifiable. Sound revolutionary? It is. And it works beautifully.
How Do AVI’s Estate Planning & Settlement Tools Help the Estate Planning Attorney?
Instead of doing this work the old-fashioned way, manually estimating the value of each item and handling settlement disputes among beneficiaries, AVI’s estate planning and settlement processes provide a less complicated and more orderly distribution. If your client chooses to purchase appraisals for his estate items, our USPAP¹-compliant appraisal process assures impartiality and the accuracy of each item’s value. AVI’s processes also virtually eliminate any “errors and omissions” liability on the part of the estate planning attorney.
Empowering the benefactor to plan the distribution of his estate before his death makes everyone’s life easier at settlement time. The benefactor can make it clear what his final wishes actually are. Beneficiaries can be involved in the planning process. Many of your clients would love to know about AVI’s planning and settlement tools. Why not give us a call and learn more?
Why Consider AVI?
As a “Preferred Service Provider” to leading insurance carriers that cater to affluent clients, AVI has the experience and resources to meet the needs of all clients. Our user-friendly tools accurately manage the distribution of assets from an entire estate to beneficiaries, making a difficult process more manageable.
- We complete fair market value appraisals of all personal property assets for estate settlement.
- We execute IRS-approved fair market value appraisals for charitable donations and produce 8283 IRS non-cash charitable donation forms.
- We provide insurance-to-value appraisals for contents coverage for homeowners insurance and we’re a preferred provider for Chubb, Private Client Select, and Pure insurance companies.
- We are always Uniform Standards of Professional Appraisal Practices (USPAP) compliant.1
- We provide detailed information to support IRS forms 706 and 709 preparation.
Contact us for more information about how you can improve the accuracy and fairness of the entire estate planning and settlement process for your clients and their heirs using AVI’s proprietary tools.
Client Reviews
My father used AVI’s inventory and appraisal services for insurance valuation in 2015. They were recommended by his financial advisor. When he passed away his attorney indicated we needed to provide a detailed reporting of his personal assets. I contacted AVI to see if they could provide information needed by the attorney on the value of my father’s household furnishings. They provided the information they had in their records to use for estate settlement and were also able to provide additional services at the bank where he had a safe deposit box that contained jewelry and other valuable items. The process, which the attorney indicated could be overwhelming, took only one call. As executor of my father’s estate, I not only have the personal property valuation needed to settle his estate, I also have tools to equally divide the property with my siblings. S.C.
Anyone who says that settling an estate is not a challenge has never done it or is completely uninformed. My parents had two homes filled with nice things. The process of cataloging and valuing the contents of both homes was an overwhelming challenge. When I reached out to the insurance agent to discuss next steps for the current homeowner’s insurance, she mentioned a company that provides inventory and appraisal services called Asset Verification, Inc. I called their toll free number and spoke with Randy Forman who is a partner in the company. One home was in Michigan and the other in Florida and I was happy they were able to provide services at both locations. Their availability met our timeline and the cost, though not insignificant, was very reasonable considering what had to be done to satisfy the needs of the estate attorney and the IRS. G.K.