Category: Articles, Appraisals / Valuations, Business & Commerce, Communications, Construction, Education, Mold, Real Estate, Resources for Attorneys, Resources for Experts, Safety, Working With Experts If You Know It, Disclose It! TASA ID: 26215 There are so many factors related to disclosure of material and latent facts when it comes to real estate. The more the buyer knows about the property they are buying in the beginning, the easier the transaction can happen. Opposed to finding out later, which a closing may not come to fruition. Read more
Category: Articles, Appraisals / Valuations, Insurance, Resources for Attorneys, Resources for Experts, Working With Experts Trustee Duties When Overseeing Irrevocable Life Insurance Trusts TASA ID: 22346 It is well settled that all trustees must act prudently in fulfilling their duties. However, not all trustees possess the same skills to administer a trust properly for the benefit of those beneficiaries. This is especially true regarding trustees of life insurance trusts. Read more
Category: Articles, Appraisals / Valuations Finding a Qualified Art, Antiques and Collectible Appraiser TASA ID: 91 Make a list of the items to be appraised. Make sure that those items are available for inspection and not in boxes waiting to be unpacked or otherwise inaccessible. The appraiser will want to know how many items are to be evaluated and the list will organize you and make the job easier for the appraiser. Read more
Category: Articles, Appraisals / Valuations, Resources for Attorneys, Working With Experts What is an Appraisal? TASA ID: 379 It may seem like a silly question, but often the silly questions are the best. What exactly is an appraisal? The answer and its consequences may surprise you, whether you are a professional appraiser, one that uses appraisal services, or just an interested third party.According to the Uniform Standards of Professional Appraisal Practice, an appraisal is the act or process of developing an opinion of value. To be even simpler, it is an opinion of value. Anytime a “professional” places the monetary worth on an item, whatever the item might be, the result could be called an appraisal. This could be expressed numerically; it usually is, but it could also be rendered as a relationship (“it’s worth more than a trip to Disneyland”). Read more
Category: Articles, Animals, Appraisals / Valuations, Resources for Attorneys, Working With Experts Equine Appraisals: Who, What, When, Why? TASA ID: 14386 An equine appraisal is a document prepared by a credentialed individual to determine the value of the equine(s) in question. Definition of an appraisal: an independent, impartial and objective relative estimate of value based on facts. A bound technical report should be provided to the client by the appraiser. Read more
