Estate Planning and Settlement

Tools for the equitable distribution of personal property assets

Estate Planning is Not for the Faint of Heart!

Estate planning attorneys have the difficult job of helping each client divide 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 inventory and appraisal services to affluent individuals and families worldwide. AVI’s services provide our clients with effective tools to distribute all personal property assets fairly, including jewelry, to all beneficiaries.

Estate Planning Tools Can Help

According to The Robb Report, the equitable distribution of tangible personal property is one of the most difficult and emotional issues facing affluent individuals and families. Who gets Grandpa’s antique writing desk or Grandma’s Steinway piano? Who gets the expensive fine art, collectibles and other valuable items? Without a detailed inventory and appraisal report it becomes a real challenge.

AVI has developed a proprietary set of tools that takes the guesswork out of estate planning and settlement. Imagine a scenario where the entire estate is meticulously inventoried, appraised, and then listed in our Estate Planning and Settlement online platform. Each item is conveniently displayed in an easy-to-use format that leaves no question as to its value, condition, size, color, and even the room where the item is located. Doesn’t that sound like an easier, less stressful way to start out? There’s more.

How Do AVI’s Estate Planning & Settlement Tools Work?

Once AVI completes the inventory and appraisal work, the benefactor can begin to allocate his personal property assets on our Estate Planning & Settlement platform. He can designate the beneficiary for each item or allow the beneficiaries direct access to the report to choose the items themselves. Sound revolutionary? It is. And it works beautifully.

For heirs, asking for specific personal property items before their loved one’s death can be uncomfortable for everyone. For this reason estate planning is often neglected and can be a significant source of conflict between heirs. Many benefactors wish to avoid this kind of conflict after their death. AVI’s process and platform makes the equitable distribution of assets measurable and verifiable.

How Do AVI’s Estate Planning & Settlement Tools Work?

Once AVI completes the inventory and appraisal work, the benefactor can begin to allocate his personal property assets on our Estate Planning & Settlement platform. He can designate the beneficiary for each item or allow the beneficiaries direct access to the report to choose the items themselves. Sound revolutionary? It is. And it works beautifully.

For heirs, asking for specific personal property items before their loved one’s death can be uncomfortable for everyone. For this reason estate planning is often neglected and can be a significant source of conflict between heirs. Many benefactors wish to avoid this kind of conflict after their death. AVI’s process and platform makes the equitable distribution of assets measurable and verifiable.

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, our USPAP-compliant appraisal process1 assures impartiality and the accuracy of each item’s value. AVI’s process also virtually eliminates 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 want to be your inventory, appraisal, and asset distribution company.

  • 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, AIG, and Pure insurance companies.
  • We are always Uniform Standards of Professional Appraisal Practices (USPAP) compliant.1
  • We provide detailed information to support IRS form 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.

(1) USPAP-compliance refers to the Uniform Standards of Professional Appraisal Practice that set performance and ethical standards for certified appraisers. These standards are designed to ensure that your valuations are developed in an unbiased manner to the highest standards in the appraisal industry.

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.