Cynthia D. Herbert/Appretium LLC specializes in the valuation of Household Contents, including Fine and Decorative Arts, Antiques, and Residential Furnishings. Appraisal reports are written in full compliance with:

  • the guidelines set forth by the Internal Revenue Service (IRS) Treasury Regulations 1.170A-13(c)(3) and 1.170A-13(c)(5), which define a "qualified appraiser" and "qualified appraisal" and IRS Publication 561, Determining the Value of Donated Property;
  • the standards set forth in the Code of Ethics of the Appraisers Association of America, and the Elements Required for a Correctly Prepared Appraisal;
  • the standards as defined by the Appraisal Standards Board (ASB) of The Appraisal Foundation (TAF), as outlined in The Uniform Standards of Professional Appraisal Practice (USPAP). The Appraisal Foundation is authorized by Congress as the source of appraisal standards and appraiser qualifications.

Appraisal reports exceed the requirements set forth by insurance companies, banks, estate planners, and attorneys for the purpose of

  • gift tax
  • non-cash charitable donation
  • estate tax filing/probate
  • equitable distribution – estate planning
  • equitable distribution - the dissolution of marriage
  • insurance scheduling
  • insurance claim/diminution in value
  • art financing/collateral loan
  • market research/marketability

The fee for an appraisal is based on the amount of time spent on site and time required for research and report production. Fees are based on an hourly rate (with a minimum) or daily rate and are established once the scope of the appraisal is defined, including the quantity and types of objects to be appraised. If appropriate, an on-site inspection can be arranged to better assess the scope of work.