Lynne LaceyShow Phone Number
9 Oak Street
Binghamton, NY 13905
Lynne Lacey Appraisal Associates
Lynne Lacey Appraisal Associates will assist you in determining your needs and is available to appraise a single item or full residential or institutional contents.
All appraisals and appraisal updates are written in accordance with the Uniform Standards of Professional Appraisal Practice as set forth by the Appraisal Foundation and comply with the report writing standards of the Appraisers Association of America & the IRS. We provide personal property appraisals for the following:
In the event of an equitable distribution, such as divorce, estate planning, or business dissolution a professional appraisal of the articles to be disseminated is used to decide the basis for division of personal property.
A professional appraisal is required by the IRS for estates worth more than 2 million. An Estate Appraisal establishes the tax liability due to the IRS. A professional appraisal will also help in estate distribution decisions when the estate is under 2 million.
Non-Cash Charitable Contribution
The IRS requires formal documentation for a charitable donation of single pieces of fine or decorative art exceeding a Fair Market Value of $5,000. The purpose of the appraisal is to determine your tax credit for the IRS.
To assure appropriate coverage, an insurance appraisal provides the insurance company with an itemized schedule of individual items. Each article is described, catalogued, photographed and assigned a Retail Replacement Value that is not subject to the limitations of a homeowners policy.
Damage / Loss Claim
In the event of a loss through fire, flood or other types of damage a professional appraisal is necessary to determine the depreciated value of the loss forming the settlement for an insurance claim.
Fees are based on an hourly rate & expenses. Please call or e-mail to request a fee schedule.