Appraisal Ontario Estate Appraisers
Section on H: - Other Property
Other Property Wherever Situated - List all other property that has not been listed in previous sections and that is not excluded from being listed. Other property may include business interests (could be in the form of partnership interest or shares of a corporation), copyrights, patents, trademarks, household contents, art, jewelry, cash not reported elsewhere in the Information Return, investments (such as mortgages given and loans receivable), and insurance contracts with a residual amount payable to the estate (i.e., without a named beneficiary). This is not an exhaustive list. Do not list property that was jointly owned by the deceased and one or more other persons who have a right of survivorship in the property.
When you have been appointed an executor, you have been entrusted to carry out the wishes of the deceased as swiftly and exactly as possible.
You can count on AppraisalOntario.com to act quickly and with sensitivity to the feelings of everyone involved .Layers and Accountants rely on our values when calculating real property values (personal property) for estates, divorces, or other disputes requiring a value being placed on real property. We understand their needs and are used to dealing with all parties involved.
We provide appraisal reports that meet the requirements of the courts and various agencies. Settling an estate usually requires an appraisal to establish Fair Market Value for the personal property involved. Often, the date of death differs from the date the appraisal is requested. We are familiar with the procedures and requirements necessary to perform a retroactive appraisal with an effective date and Fair Market Value estimate matching the date of death.
Families; spouses, widows, executors of estates or just even individuals that are downsizing - or needing to dispose of an estate.
Why buy at an estate sale?
Buying at an Estate Sale can save you a lot of money. If you need to furnish a cottage or helping you child setup in an apartment. The selection of collectibles; furniture, paintings, glassware and even antiques at Estate Sale can be incredible. For enthusiastic collectors or individuals that like to bargain hunt for that lost treasure.
Why use Appraisal Ontario?
We are Professionals, and we are not influenced in any way - other than to make sure your belongings get the highest amount possible.
We are not Auctioneers just adding to our weekly auction sales - or looking for commissions that are as high as most auctioneers charging over 30% commission!
We are flexible and understanding to our clients. We can offer anything from just coming into the location to inventory; take pictures for advertising, cleaning, packing, moving and anything that our client requires.
If you are out of town, or live a large distance - we can make sure that the sale is handled just like you would expect, if it was done by yourself. Most of our clients live out of town, or just have a hard time returning to the location where a loved one has passed. We will even take care of cleaning and staging the location to get ready for the real estate market.
Thru our inventory methods, we strive to make sure every item is properly marked, identified and is displayed to get the highest amount possible. We make sure everything gets the same exposure to secure the exposure the items deserves.
All too often, people do not fully appreciate the need to have a detailed estate or probate appraisal prepared in support of the numbers being used in documents filed with revenue authorities.
Opinions of value used in documents filed with the revenue authorities should be supported by a detailed report as to how the appraiser arrived at his conclusions. Such a report will certainly demonstrate to the authorities that the numbers used are well founded and substantiated.
Having a professional appraisal gives the executor solid facts and figures to work with in meeting Canada Revenue and Provincial Law requirements. It assures peace of mind to everyone concerned because we are there to stand behind the appraisal if it is ever challenged.
Initial Consultation and Walk Through of the Estate
We discuss the services we offer, and how they might be tailored to suite your needs as the Executor or Administrator of the Estate. With our initial walk through we can provide you with an overview of what the Estate consists of and a general synopsis of the property as it exists. We can provide suggestions and or solutions for the estate reflecting the services that we can provide.
We can provide several different options for managing the estates inventory and property that can be tailored to meet your specific needs whether you are the Executor, Administrator or planning for the future. Some of these options are:
Also of vital importance is a review of the insurance policy by the Executor/Administrator to determine the exact security requirements that must be met to allow the policy to remain in effect. Each insuring company will have their specific requirements. We can arrange for or provide regular home security checks to comply with the requirements of the insurance company.
Vehicle and Recreational Vehicle Preparation for Resale
Upon being granted authority by the Executor/Administrator, the Estate's vehicles and recreational vehicles, which may include; motor homes, trailers, motorcycles and other motorized vehicles, may be prepared for resale or disposal.
We can provide or arrange for:
- Inspection/servicing of vehicles, trailers, campers and provide report to executor
- Independent recognized appraisals.
- Cleaning, power washing and detailing as required for resale.
We are Professionals, we are not influenced in any way,other than to make sure that the belongings
get the highest amount possible.
We offer both ONLINE & FULL ON-SITE INSPECTIONS for:
Service Ontario Independent Appraiser (MTO) Tax 1159E | Agricultural Equipment | Bailiff Repo | Boat | Business Valuation | Classic Vehicle | Computer Furniture | Construction Equipment | Food Processing Equipment | Forestry Equipment | Furnishings | General House & Household Goods | General Merchandise | Health Care | Heavy Equipment | Heavy Trucks and Trailers | Homeowner Tools | Horses Related Equipment | Industrial Machinery | Machinery | Insurance POST-LOSS Damage (Section 128 Insurance Act) | Lease Hold Improvements | Inventory | Jewellery | Loss Control Consultant | Tools | Motor home | Office Furniture | Oil Field Equipment | Recreation Vehicle | Refrigeration | Mechanical | Restaurant Equipment Chattels Goodwill | Business Valuation | CBV | Sports Memorabilia | Vintage Vehicle | Kit Car | Collector Car | Classic Car | Yard Care Equipment and ALL items Personal Property Appraisal.
APPRAISER SERVICES - Certified PERSONAL PROPERTY APPRAISAL REPORTS - Valuations
Insurance Dispute Resolution | Appraiser - Fire | Water | Wind | Theft | POST-LOSS| Insurance Appraisal / Land Building Contents Appraisal | Insurance Appraisal Reports |Proof of Loss Insurance Claim Dispute Resolution |Policy Qualifications |
Tax |by Certified Personal Property Appraiser - OSAP Appraisal |Sales Tax Appraisal | Bankruptcy Proposals | Charity Donation Tax Appraisal | | Service Ontario Independent Appraiser (MTO) Tax 1159E |
Financial Valuation |Chattels |Equipment | Lease Holds |Goodwill | by Certified Personal Property Appraiser - Restaurant Equipment Appraisal | Appraisal of Chattels | Bank Loan Appraisal | Dividing Business Assets Appraisal | Buying Business Appraisal | Selling Business Appraisal | Business Valuation Appraisal
If you require you HOUSE; COTTAGE, ANY STRUCTURE/ BUILDING or LAND - WE CAN NOT HELP YOU - You must call a 'Real Estate Appraiser'.
Our Clients – public and private corporations; financial institutions, receivers and trustees in bankruptcy: rely on our experienced appraisals to accurately value assets for financing; disposals, insurance, merger and acquisition purposes. They expect and always receive Professional and Reliable Appraisals. All Assets that are NOT 'Real Property'.
Certified Personal Property Ontario Appraisals: All appraisals are fully documented; researched, entered into our proprietary appraisal software, producing all supportive research and packaged professionally.