Appraisal Services Add Value!

 

ASSESSING YOUR NEEDS

Our team of dedicated associates and professional appraisers are here to offer you accurate advice that is personally tailored to your needs. 

We will guide you through the steps of preparing your items and information, right through to the delivery of your appraisal document(s).  

 

Prestige Evaluation is your partner through every step of the process.  

SERVICES OFFERED

 

Estate Planning Appraisal                    Charitable Donations                    Equitable Divisions
Financial Appraisal                              Gift Tax Exemptions                     Disaster Loss
Divorce / Dissolution                           Loan Collateral                             Appraisals in Prenuptial Agreements
Bankruptcy Appraisal                          Expert Witness                              Probate Appraisal
Insurance Claims                                 Appraisal Litigation Support         Trust & Estate Settlements
Appraisal Fairs for Charities               Public Speaking                             Estate Sales

 

ESTATE PROBATE

Probate – Proof of Wills

Equitable Distribution of Assets            

Fair Market Value to 3rd Party

Many clients are unaware that the Personal Property of an Estate must be inventoried and valued during the Probate process. This requires the services of a Professional Accredited Personal Property Appraiser who must provide a value of the Estate's contents as of the date of the Descendants' Death.

 

If this is not done in a timely fashion, the Estate may be rejected by the Ontario Court System. We are experienced in providing Appraisals for the purposes of Estate Settlement and Probate and can assist you or your personal representative in their obligations involving Federal tax liability.

 

DIVORCE

Dispute over value of Marital assets

Equalisation of Separation

Expert witness in court when there are disputes on value

Starting a Divorce Claim in Ontario or Quebec Provincial Court, or Superior Court - preparing and managing a Divorce can be a complicated and difficult procedure. Each spouse is often entitled to some portion of all matrimonial property. The term is known as Equalization or the distribution of marital assets, requires a careful description and valuation of Vehicles, Boats, Furniture, Accessories, Jewelry, Antiques and other household items.

 

We can help by providing a detailed and descriptive inventory to accurately Appraise all of your commonly held Personal Property. Your Divorce Lawyer will receive a thorough, objective report that meets the standards and guidelines of USPAP (uniform standards of professional appraisals practice), & The International Society off Appraisers Standard for reports or that satisfies the requirements of Ontario Court ordered equitable Distribution / Equalisation

 

FINANCIAL

 

Banks / Credit Unions - Loan Purposes (Small Business Development Lending)

Financial Advisors - assist in Estate planning (valuation of collectable's, jewellery, antiques)

 

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. Assets can include machinery, equipment, consumer products, industrial inventories, as well as anything that is not 'Real Property', meaning we do not conduct Land and or Building Appraisals.

 

 

 

BANKRUPTCY

 

Receivership (for secured and non secured creditors) Trustees (personal/ business)

 

A trustee in bankruptcy (trustee) in Ontario is responsible for administering the affairs of the bankrupt estate. This involves, inter alia, preparing an inventory of existing assets, releasing assets to the secured creditors, gathering and liquidating existing assets, reviewing claims to the assets, and paying dividends to creditors in accordance with the scheme of distribution in Section 136 of the BIA (Bankruptcy and Insolvency Act).

 

The federal Bankruptcy and Insolvency Act (BIA) and Companies' Creditors Arrangements Act (CCAA) are administered by the Office of the Superintendent of Bankruptcy (OSB) and the Courts respectively. Prestige Evaluation can provide Personal Property Appraisals for Ontario TRUSTEES and for Individuals and or companies that have or considered filing for Bankruptcy in Ontario Canada. We are not Trustees, please contact your lawyer or Trustee for more information and direction

 

 

INSURANCE CLAIMS

 

Pre-Loss - for endorsements or riders

After Loss - value after a claim

Loss of Value due to damage

 

Antiques, family heirlooms, art objects and collectable's can valuable as sets. Unfortunately, most people rely on their homeowners insurance for protection against losses. Many are unaware that their policies usually exclude: Antiques, Coin Collections, Furs, and fine art objects.

 

To ensure complete Replacement Cost Coverage, you should have your Personal Property Appraised. We specialize in providing Appraisals for purposes of Insurance Replacement often required in claims involving loss, moving damage, theft, damage or destruction from fire, smoke or flood damage.

 

 

 

CHARITABLE DONATIONS

 

Revenue Canada compliant

 

If you're considering making a tax deductible, non cash charitable contribution or need to file a casualty loss claim, we can assist you with a Federal or Provincial Tax Appraisal. We follow Revenue Canada's strict requirements regarding the submission of formal Appraisals. Numerous Charitable Foundations use our services to insure proper reporting of donated assets to their institutions.

 
 
 

© 2020 PRESTIGE EVALUATION

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